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United Technologies' Arm in Deal with Mexican VivaAerobus
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United Technologies Corporation's business arm – Pratt & Whitney – has entered into a deal with a popular low-cost Mexican airline company, VivaAerobus.
Per the new pact, Pratt & Whitney’s PurePower Geared Turbofan Engine would be used in VivaAerobus’ aircraft A320neo. A320neo made its first passenger flight on Oct 18, 2016 from Monterrey to Guadalajara, Mexico.
VivaAerobus launched its airbus – A320neo – for serving the interests of its passengers in a more proficient manner. The company believes that Pratt & Whitney’s PurePower Geared Turbofan Engine would boost the efficiency of the aircraft. The engine has a low fuel burn and is 18% superior on the ferry flight. Henceforth, it would be able to offer relatively less expensive airline services to its customers.
Thus, VivaAerobus would strategically reduce its operating expenses by making use of the revolutionary technology of Geared Turbofan Engine in A320neo.
On the other hand, Pratt & Whitney has currently secured more than 8400 Geared Turbofan Engine orders from almost 80 end-users, located across all its business hubs. This product would likely boost United Technologies’ near-term revenues.
Share price of the company was $107.86 per share as of Nov 14, 2016.
Some better-ranked stocks within the industry include:
Leucadia National Corporation which currently sports a Zacks Rank #1 and has an average positive earnings surprise of 178.96% for the four trailing quarters.
Danaher Corp. (DHR - Free Report) which currently carries a Zacks Rank #2 (Buy). It delivered an average positive earnings surprise of 6.09% over the last four quarters.
Applied Industrial Technologies, Inc. (AIT - Free Report) which currently carries a Zacks Rank #2 and has an average positive earnings surprise of 4.93% for the trailing four quarters.
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United Technologies' Arm in Deal with Mexican VivaAerobus
United Technologies Corporation's business arm – Pratt & Whitney – has entered into a deal with a popular low-cost Mexican airline company, VivaAerobus.
Per the new pact, Pratt & Whitney’s PurePower Geared Turbofan Engine would be used in VivaAerobus’ aircraft A320neo. A320neo made its first passenger flight on Oct 18, 2016 from Monterrey to Guadalajara, Mexico.
VivaAerobus launched its airbus – A320neo – for serving the interests of its passengers in a more proficient manner. The company believes that Pratt & Whitney’s PurePower Geared Turbofan Engine would boost the efficiency of the aircraft. The engine has a low fuel burn and is 18% superior on the ferry flight. Henceforth, it would be able to offer relatively less expensive airline services to its customers.
Thus, VivaAerobus would strategically reduce its operating expenses by making use of the revolutionary technology of Geared Turbofan Engine in A320neo.
On the other hand, Pratt & Whitney has currently secured more than 8400 Geared Turbofan Engine orders from almost 80 end-users, located across all its business hubs. This product would likely boost United Technologies’ near-term revenues.
Zacks Rank & Stocks to Consider
United Technologies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
UTD TECHS CORP Price
UTD TECHS CORP Price | UTD TECHS CORP Quote
Share price of the company was $107.86 per share as of Nov 14, 2016.
Some better-ranked stocks within the industry include:
Leucadia National Corporation which currently sports a Zacks Rank #1 and has an average positive earnings surprise of 178.96% for the four trailing quarters.
Danaher Corp. (DHR - Free Report) which currently carries a Zacks Rank #2 (Buy). It delivered an average positive earnings surprise of 6.09% over the last four quarters.
Applied Industrial Technologies, Inc. (AIT - Free Report) which currently carries a Zacks Rank #2 and has an average positive earnings surprise of 4.93% for the trailing four quarters.
Zacks’ Best Private Investment Ideas
In addition to the recommendations that are available to the public on our website, how would you like to follow all Zacks' private buys and sells in real time? Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors. Starting today, for the next month, you can have unrestricted access. Click here for Zacks' private trades >>