Press Release: Saudi Arabian Airlines Selects the Hamilton Sundstrand APS 3200 Auxiliary Power Unit
United Technologies Corporation provides a broad range of high technology products and services to the building systems and aerospace industries. Those products include Pratt & Whitney aircraft engines space propulsion systems and industrial gas turbines; Carrier heating air conditioning and refrigeration; Otis elevator escalator and people movers; Hamilton Sundstrand aerospace and industrial products; Sikorsky helicopters and International Fuel Cells power systems. (Company Press Release) United Technologies Corp. has a market cap of $48.83 billion; its shares were traded at around $51.13 with a P/E ratio of 10.55 and P/S ratio of 0.89. The dividend yield of United Technologies Corp. stocks is 3%. United Technologies Corp. had an annual average earning growth of 13.6% over the past 10 years. GuruFocus rated United Technologies Corp. the business predictability rank of 3-star
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Press Release:SAN DIEGO
, Dec. 29
/PRNewswire/ -- Saudi Arabian Airlines has selected Hamilton Sundstrand, a subsidiary of United Technologies Corp. (NYSE: UTX), to install its APS 3200 Auxiliary Power Unit (APU) on the airline's new fleet of 50 Airbus A320 series aircraft.Hamilton Sundstrand has delivered more than 1,500 APS 3200 APUs to more than 70 airlines for their fleets of Airbus A320 aircraft."We are very pleased to begin a new partnership with Saudi Arabian Airlines," said Dave Gitlin
, Hamilton Sundstrand Power Systems vice president and general manager. "Saudi Arabian Airlines is a very important customer in the Middle Eastern region. We are tremendously grateful to have the opportunity to support this airline's growth with the APS 3200, which has proven its extensive A320 operational experience, low life-cycle costs, emissions and fuel consumption. In this partnership, Saudi Arabian Airlines will also have the opportunity to expand its MRO capability to repair and test the APS 3200 at the airline's own facilities."According to Ali Milaat, vice president of Saudi Arabian Airlines Technical Services Division, "We are pleased to further expand our relationship with Hamilton Sundstrand by selecting the APS 3200, with its 15 million hours of service experience, as our APU of choice for our fleet as it grows to include 50 A320 aircraft. We judged the APS 3200 to be the best choice for our operation and for its fit into our long-term strategic plan."The APS 3200 APU is designed and produced at the Hamilton Sundstrand Power Systems facility in San Diego
.Saudi Arabian Airlines, established in 1945 as the national carrier of Saudi Arabia
, is based in Jeddah
. In 2007, Saudi Arabian Airlines operated more than 127,600 revenue flights to 90 destinations domestically and internationally, transporting approximately 17 million passengers. Saudi Arabian Airlines' fleet consists of 91 widebody, single aisle and freighter aircraft.Other Hamilton Sundstrand systems on A320 aircraft include the Electric Power Generating System and the Ram Air Turbine. Saudi Arabian Airlines also operates other aircraft that use Hamilton Sundstrand APUs.With 2007 revenues of $5.6 billion
, Hamilton Sundstrand employs approximately 18,600 people worldwide and is headquartered in Windsor Locks, Conn.
Among the world's largest suppliers of technologically advanced aerospace and industrial products, the company designs, manufactures and services aerospace systems and provides integrated system solutions for commercial, regional, corporate and military aircraft. It also is a major supplier for international space programs.United Technologies Corp., based in Hartford, Conn.
, is a diversified company providing high technology products and services to the building and aerospace industries worldwide.
Contact: Dan Coulom 860-305-5471 www.hamiltonsundstrand.com
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