UTC Aerospace Systems, a part of United Technologies Corp (UTX - Free Report) , has been selected by easyJet – a European airline to supply the wheels, carbon brakes and MRO support, for the 68 new Airbus A320ceo aircraft. The components, supplied through its landing systems facility in Troy, OH, are scheduled to commence into service in 2015.
The new wheels and brakes are designed as an enhancement to existing products and will be compatible across various A320ceo platforms. The new power system will provide easyJet with innovative technologies, high performance and additional flexibility to support the aircrafts. . This contract should further foster extended brake life for the new A320ceo fleet, thereby generating significant cost savings.
Management is highly encouraged by its business relationships with easyJet. With the prevailing competitive environment in the aviation industry, UTC Aerospace Systems aims to address customer needs and build long-term relationships with clients to generate a steady demand.
UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. With stiff competitive pressures in the aviation industry, UTC Aerospace Systems aims to address customer needs and build long-term relationships with clients by continually developing innovative state-of-the-art products.
Based in Hartford, CT, its parent company United Technologies provides high-end technology products and services to the building systems and aerospace industries worldwide. This diversified business conglomerate serves various end markets such as aerospace, defense and commercial construction. The business diversification allows the company to remain profitable during tough economic times.
United Technologies currently has a Zacks Rank #3 (Hold). Other stocks that look promising include Leidos Holdings, Inc (LDOS - Free Report) carrying a Zacks Rank #1 (Strong Buy) along with Engility Holdings, Inc and Northrop Grumman Corporation (NOC - Free Report) , carrying a Zacks Rank #2 (Buy) each.
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