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A Look at UTC Aerospace Systems

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About UTC Aerospace Systems

United Technologies Corporation’s (UTX) aerospace business is divided into the following two segments:

  • UTC Aerospace and Propulsion Systems
  • Sikorsky

Sikorsky is an individual segment. UTC Aerospace and Propulsion Systems is made up of two segments: Pratt & Whitney and UTC Aerospace Systems. All three segments report their financials separately. They primarily cater to commercial and military aerospace requirements worldwide.

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About Pratt & Whitney

Pratt & Whitney ranks among the world’s leading suppliers of aircraft engines for the commercial, military, business jet, and general aviation markets. It also provides fleet services; spare parts; and maintenance, repair, and overhaul services. Its most prime products are F-135 engines for F-35 Joint Program, PurePower PW1000G engines featured in Airbus’s new A320neo family, and CSeries engines that power the Bombardier.

About UTC Aerospace Systems

UTC Aerospace Systems is a leading global provider of technologically advanced aerospace products and aftermarket service solutions for aircraft. According to the company, its portfolio consists of  aircraft-related products such as “power management and distribution systems, air data and flight sensing and management systems, engine control systems, electric systems, intelligence, surveillance and reconnaissance systems, [and much more]. … Aftermarket services include spare parts, overhaul and repair, engineering and technical support and fleet management solutions.” The company supplies these to manufacturers; airlines; regional, business, and general aviation markets; and military, space, and undersea operations.”

About Sikorsky

Sikorsky is one of the world’s largest helicopter manufacturing companies. It manufactures commercial and military helicopters and also provides spare parts and aftermarket services. Some of its most popular products include the complete range of S-92 and S-76 helicopters and Black Hawk helicopters. It’s also developing the CH-53K next generation heavy lift helicopter.

Other companies in the aerospace and defense segment are Honeywell (HON), General Dynamics (GD), Exelis (XLS), and Northrop Grumman (NOC). Except for Exelis, these companies form ~5% of the iShares Select Dividend ETF (DVY).

In the next part of this series, we’ll take a look at how the company performed last year.

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