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August 01, 2015 2:36 PM ET

Aerospace and Defense

Company Overview of UTC Aerospace Systems

Company Overview

UTC Aerospace Systems designs, manufactures, and services systems and components. It offers safety systems for pilots and passengers; actuation controllers, elevator actuation systems, flap actuators, power drive units, rotor actuators, and actuator testing systems for commercial aerospace and defense applications; and nacelles, thrust reversers, pylons, and flight control surfaces for commercial and military aircraft. The company also provides air management systems, including air conditioning, liquid cooling, engine bleed air, pressurization control, ventilation control, ice protection, and humidification; radar-based aircraft taxi strike alert systems; aircraft cabin systems, including ca...

Four Coliseum Centre

2730 West Tyvola Road

Charlotte, NC 28217-4578

United States

Founded in 1918

Phone:

704-423-7000

Fax:

704-423-5540

Key Executives for UTC Aerospace Systems

Chairman and Chief Executive Officer
Age: 67
Vice President of Operations & Supply Chain
Chief Executive Officer of United Technologies Corp and President of United Technologies Corp
Age: 57
President of Power, Controls & Sensing Systems
Age: 48
President of Aircraft Systems
Age: 46
Compensation as of Fiscal Year 2015.

UTC Aerospace Systems Key Developments

UTC Aerospace Systems Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

UTC Aerospace Systems reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $3,632 million compared to $3,636 million a year ago. Operating profit was $580 million compared to $602 million a year ago. Adjusted net sales were $3,632 million compared to $3,636 million a year ago. Adjusted operating profit was $580 million compared to $606 million a year ago. For the six months period, the company reported net sales of $7,180 million compared to $7,086 million a year ago. Operating profit was $1,149 million compared to $1,192 million a year ago. Adjusted net sales were $7,180 million compared to $7,086 million a year ago. Adjusted operating profit was $1,199 million compared to $1,202 million a year ago.

Cirrus Aircraft Selects UTC Aerospace Systems's Cloud Cap Technology TASE500 and TASE400 Imaging System Options

UTC Aerospace Systems is provided Cloud Cap Technology TASE500 and TASE400 imaging system options for the new Cirrus Aircraft™ Perception Special Mission Aircraft. Cirrus Aircraft has selected the TASE imaging systems for its advanced observation aircraft because they provide an all-HD imaging solution giving operators improved situational awareness, an all-digital imaging chain for maximized processing capability and an optimized lens design for enhanced object recognition. All TASE cameras offer a continuous zoom functionality which provides optimal field of view across all zoom levels. The system also includes the ViewPoint user interface software tool which provides Tactical PED (Processing Exploitation and Dissemination) giving operators the ability to multi task, record and disseminate critical data for use when needed. The low weight and cost-efficient TASE imaging systems can see in total darkness and through nearly all weather conditions. The daylight camera provides superior high-definition imagery for enhanced situational awareness.

IndiGo Selects UTC Aerospace Systems to Provide Wheels and Carbon Brakes for their Airbus A320neo Aircraft

UTC Aerospace Systems has been selected by IndiGo to supply the wheels and carbon brakes for its fleet of new Airbus A320neo aircraft. UTC Aerospace Systems will provide the equipment through its Landing Systems facility in Troy, Ohio. First aircraft delivery is scheduled for November 2015. The A320neo carbon brakes use proprietary DURACARB® carbon heat sink material which has exhibited superior brake life performance on other in-service programs thereby creating significant cost savings over the life of the aircraft for its customers through fewer brake removals and associated maintenance and overhaul activity.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 21, 2015
UTC Aerospace Systems, Division in Wichita
Merger/Acquisition
January 6, 2015
Precision Engine Controls Corporation
 

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