UTX's Affiliate Upgrades Propeller Systems For U.S. Airforce

UTC Aerospace Systems – an unit of United Technologies Corporation (NYSE:UTX) – announced that it started the upgradation of propellers for the U.S. Air National Guard LC-130 aircraft with the installation of the NP2000 propeller system. Per the contract, the company will upgrade 12 of the U.S Air National Guard's fleet of LC/C-130H aircraft.

The C-130H military aircraft comprises the upgraded NP2000 propeller system which reduced support costs and improved electronic control system. Using the NP2000 propeller system, the C-130H aircraft ensures that its crew is mission-ready. This design enhancement reduces maintenance time and increases the aircraft's availability.

The company has an ongoing relationship with the U.S. Army. This deal highlights the company’s commitment with the defence force to provide best in class services. The company looks forward to retrofit these 12 aircraft and helping the U.S. National Guard accomplish their missions without any hindrance.

UTC Aerospace Systems has been a renowned player in designing, manufacturing and servicing propeller systems for over 100 years. Its Propeller Systems business has three international sites and currently supplies and services a variety of propeller systems and critical flight control systems across commercial and military platforms around the world.

Owing to its continuous contract wins and its capabilities to constantly deliver innovative and best in class services to its clients, United Technologies has outperformed the Zacks categorized Diversified Operations industry, over the last 90 days. It returned 8.4% compared with 3.8% gain for the industry.

Earlier this year, the company completed the first flight test of its latest MS-177 long-range, multi-spectral imaging sensor on the Northrop Grumman (NYSE:NOC) RQ-4B Global Hawk Unmanned Aircraft System. The company initiated the test on Feb 8, at the Northrop Grumman facility.

Based in Hartford, CT, UTC Aerospace Systems is one of the world’s largest suppliers of aerospace and defense products. The company has more than 6,000 customer service employees across 60 locations worldwide. UTC Aerospace Systems is also engaged in designing, manufacturing and servicing systems and components for various platforms such as commercial, regional, business and military aircraft, and helicopters. 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 industry include Barloworld Limited (OTC:BRRAY) , Bunzl (LON:BNZL) plc (OTC:BZLFY) and Federal Signal Corporation (NYSE:FSS) . All three carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Barloworld has a long-term earnings growth expectation of 17.2%.

Bunzl plc has a long-term earnings growth expectation of 3.20%.

Federal Signal surpassed estimates twice in the trailing four quarters with an average positive earnings surprise of 3.1%.

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