Yahoo Finance UTX's Pratt & Whitney Engines to be Used in Vietnam Jets
Pratt & Whitney, one of the operating segments of diversified conglomerate United Technologies Corporation UTX, recently announced that its PurePower Geared Turbofan engines will be used by Vietnam Airlines, the flag carrier of Vietnam. The engines will power 20 Airbus A321neo 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.
Pratt & Whitney had earlier 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 industry with an average year-to-date return of 7.8% as against a decline of 3.5% 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. The company 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.
United Technologies presently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the industry are Danaher Corporation DHR, Federal Signal Corporation FSS and Leucadia National Corporation LUK, each carrying Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Danaher has a long-term earnings growth expectation of 10.6%. It has beaten earnings estimates in each of the trailing four quarters with an average positive surprise of 2.6%.
Federal Signal has beaten earnings estimates thrice in the trailing four quarters with an average positive surprise of 11.5%.
Leucadia has a long-term earnings growth expectation of 18%. It has beaten earnings estimates thrice in the trailing four quarters with an average positive surprise of 21.2%.
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Danaher Corporation (DHR) : Free Stock Analysis Report
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