UTC Aerospace Systems has a couple of million dollars of content on every single aircraft that gets delivered. That's the chutes, the electric system, rotors, etc.
Sentiment: NEGATIVE
We produce motor drive electronics; we produce cargo systems for large narrow-body and wide-body airplanes and, more importantly, the emergency escape chute that goes on these planes.
UTC is very well positioned to take advantage of 2 large megatrends: urbanization and the fast-growing commercial aerospace market.
Fundamentally, we have broken our aerospace business into three parts - large parts which go into the wings and fuselage, components for jet engines, and specialised structural components for landing gear.
The United States is a huge market, and once you get rolling, you can replicate that model over and over pretty easily. Your supply lines are taken care of. You don't have technicians to deal with. You've got your customer base.
We are working with the power industry all over the world. We are meeting customers in aerospace and getting them to tour our plants.
I never thought that one day that this NAS Jax would be the center of aviation excellence in the Southeast and from pole to pole.
What makes the production of my work so expensive? The whole installation thing - the construction, the objects, the technology. It really adds up.
We're creating new supply for the world, which is key. If we didn't get more tonnes into the system, your next motorcar is going to cost more because the aluminum cost is going to be higher.
Three Royal Air Force aeroplanes have come over to us so far with their arms and equipment.
Basically all the world's computer parts come from the same supply chain that runs from Korea, down through coastal China, over to Taiwan, and down to Malaysia.
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