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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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
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
Saudi Arabian Airlines, established in 1945 as the national carrier of
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
United Technologies Corp., based in
Contact: Dan Coulom 860-305-5471 www.hamiltonsundstrand.com
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