Pratt & Whitney, a division of United Technologies Corporation (UTX), has successfully assembled its first PurePower engine for the Bombardier CSeries aircraft. The completion of this engine as per schedule is expected to deliver exceptional customer advantages in 2013.
Pratt & Whitney recently carried out PurePower engine core tests for more than 260 test hours. The engine test program will now conduct tests on eight test engines over the next two years with the first flight scheduled for 2012. Entry into commercial service is scheduled for 2013.
Bombardier has sold CSeries aircraft to German carrier Deutsche Lufthansa, Lease Corporation International and Republic Airways.
Pratt & Whitney segment supplies aircraft engines to the commercial, military, business jet, and general aviation markets. It also manufactures aerospace propulsion systems for the U.S. space shuttle program.
United Technologies has strong market positions in aerospace/defense and global infrastructure with a portfolio that includes: Carrier, Otis, Hamilton Sundstrand, Pratt & Whitney, Sikorsky and Fire & Security.
United Technologies will be one of the few companies that can take advantage of strategic M&A once liquidity is restored and functioning M&A markets re-emerge, which are more likely in the remainder of FY2010.
The company is highly dependent on the U.S. government’s defense budget. Its business may also be affected by government contracting risks.
The company designs, manufactures and services products that incorporate advanced technologies. The introduction of new products and technologies involves risks pertaining to acceptance, market and reputation which not be correctly anticipated.
United Technologies provides high technology products and services to the building systems and aerospace industries worldwide.
We currently have a Neutral recommendation on United Technologies Corporation.
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