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United Technologies Logo
  • commented 11/24/12
  • tags: MMM GE UTX BA
  • With the acquisition of Goodrich, UTC is much better positioned than GE and Rolls Royce for growth in the "nose to tail" market. The GE venture into other aircraft systems with the acquisition of Smiths has not yielded the benefits GE planned and has recently announced several of the businesses are on the market. UTC/Goodrich is market leader in several key aircraft systems with a very strong aftermarket global enterprise which is a major profit generator. On the engine side GE has the edge with about a 60% market share on all commercial engines, PW through its former IAE partnership with Rolls Royce has a position on the A320 family or about 25% of the 20K to 40K thrust market. PW has bought out the Rolls share and now owns the V2500 franchise. With the development of its Geared Turbofan and its reported fuel and noise benefits PW is poised to gain more market share initially in the lower thrust range for A320, C Series and MRJ applications but is planning to grow its thrust to very large applications including the yet to be announced 777 growth application. With the new Geared Fan engine, the acquisition of the V2500 franchise and the acquisition of Goodrich, PW is positioned to be the future dominant player in both engines and airframe systems. A concern for PW will be "are Boeing, Airbus and other platform primes willing to delegate that much technology, product and financial responsibility to a single entity". [ less... ]
    With the acquisition of Goodrich, UTC is much better positioned than GE and Rolls Royce for growth in the "nose to tail" market. The GE venture into other aircraft systems with the acquisition of Smiths has not yielded the benefits GE planned and has recently announced several of the businesses are on the market. UTC/Goodrich is market leader in several key aircraft systems with a very strong aftermarket global enterprise which is a major profit generator. On the engine side GE has the edge with about a 60% market share on all commercial engines, PW through its former IAE partnership with Rolls Royce has a position on the A320 family or about 25% of the 20K to 40K thrust market. PW has bought out the Rolls share and now owns the V2500 franchise. With the development of its Geared Turbofan and its reported fuel and noise benefits PW is poised to gain more market share initially in the lower thrust range for A320, C Series and MRJ applications but is planning to grow its thrust to very large applications including the yet to be announced 777 growth application. With the new Geared Fan engine, the acquisition of the V2500 franchise and the acquisition of Goodrich, PW is positioned to be the future dominant player in both engines and airframe systems. A concern for PW will be "are Boeing, Airbus and other platform primes willing to delegate that much technology, product and financial responsibility to a single entity".
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