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UTX's Pratt & Whitney Engines to Power China Southern Jets
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Pratt & Whitney, one of the operating segments of diversified conglomerate United Technologies Corporation , recently delivered the first of the 24 PurePower engines to China Southern Airlines, one of the leading airline companies in the country. These engines will power the Airbus A320neo aircraft of the airline that are widely known for their superior performance.
The PurePower engine family has proven its mettle in the industry. It has a state-of-the-art gear system, which separates the engine fan from compressor and turbine, thereby facilitating an optimum operating speed for each of the modules. While the fan rotates slower, the low-pressure compressor and turbine operate at a high speed, increasing engine efficiency and delivering significantly lower fuel consumption, lesser noise and lower emissions along with reduced maintenance costs.
Just a few days back, Pratt & Whitney secured the joint Type Certification from the Federal Aviation Administration and the European Aviation Safety Agency for its PurePower Geared Turbofan engine in Airbus A321neo aircraft. Such coveted accreditations and continued product improvements have enabled United Technologies to outperform the Zacks categorized Diversified Operations industry with an average year-to-date return of 12.9% compared with 7.0% for the latter.
The PurePower Geared Turbofan engine has been able to meet the strict quality standards relating to burn, noise and emissions to receive the accreditation. The PurePower GTF engine has the ability to reduce engine fuel consumption by 16%, regulating emissions and noise footprint by 50% and 75%, respectively. The engine is reportedly being used by 80 different customers across the globe.
The technologically superior products create a competitive advantage for Pratt & Whitney and ensure a steady stream of revenues. Pratt & Whitney is among the world’s leading suppliers of aircraft engines to the commercial, military, business jet and general aviation markets. Its Global Services provide maintenance, repair and overhaul services, including the sale of spare parts and fleet management services for large commercial engines.
Based in Hartford, CT, United Technologies provides high-end technology products and services to the building systems and aerospace industries worldwide. The company serves various end markets such as aerospace, defense and commercial construction. The business diversification allows the company to remain profitable amid tough economic times.
Koninklijke KPN N.V. is currently trading at a forward P/E of 27.5x.
Hitachi has a long-term earnings growth expectation of 13% and has beaten estimates thrice in the trailing four quarters for an average positive earnings surprise of 103.5%.
Middleby has long-term earnings growth expectation of 22% and has beaten estimates in each of the trailing four quarters for an average positive earnings surprise of 15.9%.
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UTX's Pratt & Whitney Engines to Power China Southern Jets
Pratt & Whitney, one of the operating segments of diversified conglomerate United Technologies Corporation , recently delivered the first of the 24 PurePower engines to China Southern Airlines, one of the leading airline companies in the country. These engines will power the Airbus A320neo aircraft of the airline that are widely known for their superior performance.
The PurePower engine family has proven its mettle in the industry. It has a state-of-the-art gear system, which separates the engine fan from compressor and turbine, thereby facilitating an optimum operating speed for each of the modules. While the fan rotates slower, the low-pressure compressor and turbine operate at a high speed, increasing engine efficiency and delivering significantly lower fuel consumption, lesser noise and lower emissions along with reduced maintenance costs.
Just a few days back, Pratt & Whitney secured the joint Type Certification from the Federal Aviation Administration and the European Aviation Safety Agency for its PurePower Geared Turbofan engine in Airbus A321neo aircraft. Such coveted accreditations and continued product improvements have enabled United Technologies to outperform the Zacks categorized Diversified Operations industry with an average year-to-date return of 12.9% compared with 7.0% for the latter.
The PurePower Geared Turbofan engine has been able to meet the strict quality standards relating to burn, noise and emissions to receive the accreditation. The PurePower GTF engine has the ability to reduce engine fuel consumption by 16%, regulating emissions and noise footprint by 50% and 75%, respectively. The engine is reportedly being used by 80 different customers across the globe.
The technologically superior products create a competitive advantage for Pratt & Whitney and ensure a steady stream of revenues. Pratt & Whitney is among the world’s leading suppliers of aircraft engines to the commercial, military, business jet and general aviation markets. Its Global Services provide maintenance, repair and overhaul services, including the sale of spare parts and fleet management services for large commercial engines.
Based in Hartford, CT, United Technologies provides high-end technology products and services to the building systems and aerospace industries worldwide. The company serves various end markets such as aerospace, defense and commercial construction. The business diversification allows the company to remain profitable amid tough economic times.
United Technologies presently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the same industry include Koninklijke KPN N.V. (KKPNF - Free Report) , Hitachi, Ltd. (HTHIY - Free Report) and The Middleby Corporation (MIDD - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Koninklijke KPN N.V. is currently trading at a forward P/E of 27.5x.
Hitachi has a long-term earnings growth expectation of 13% and has beaten estimates thrice in the trailing four quarters for an average positive earnings surprise of 103.5%.
Middleby has long-term earnings growth expectation of 22% and has beaten estimates in each of the trailing four quarters for an average positive earnings surprise of 15.9%.
The Best Place to Start Your Stock Search
Today, you are invited to download the full list of 220 Zacks Rank #1 "Strong Buy" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 "Strong Sells" and other private research. See these stocks free >>