Pratt & Whitney Rocketdyne has won a contract from NASA to conduct systems analysis and design studies for heavy-lift launch systems, propulsion technologies and affordability. Pratt & Whitney Rocketdyne is a United Technologies Corp. (UTX) company.
The contract is valued at $622,000 and is aimed at helping NASA prepare the groundwork for flexible space transportation systems that could take humans to asteroids, the moon, Mars and beyond.
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 may not be correctly anticipated.
United Technologies provides high technology products and services to the building systems and aerospace industries worldwide. Honeywell International (HON) is a primary competitor.
We currently have a Neutral recommendation on United Technologies Corporation.
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