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November 11, 2010
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Pratt & Whitney Rocketdyne has bagged a $1.35 million contract from the U.S. Air Force Research Laboratory. The scope of work involves developing improved computational techniques to better capture data and predict the stability of combustion for hydrocarbon-fueled liquid rocket engines. Pratt & Whitney Rocketdyne is a United Technologies Corp. (UTX) company.
The company has bagged a $2.35 million contract from the Air Force Research Laboratory (AFRL) for conducting risk-reduction tests on the main components of the Third Generation Reusable Booster (3GRB) rocket engine design. The 3GRB is a technology program for future U.S. Air Force space missions.
The 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.
Read the full analyst report on "UTX"
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