This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

UTC Aerospace Systems Selected By Virgin Atlantic Airways To Provide Wheels And Carbon Brakes On Boeing 787-9 Fleet

CHARLOTTE, N.C., June 17, 2013 /PRNewswire/ -- PARIS AIR SHOW -- UTC Aerospace Systems has been selected by Virgin Atlantic Airways to supply the wheels, carbon brakes and MRO services for its fleet of 16 new Boeing 787-9 aircraft.  The company will provide the equipment through its Wheels & Brakes business in Troy, Ohio.  The first aircraft is scheduled for delivery in September 2014.  UTC Aerospace Systems is a unit of United Technologies Corp. (NYSE: UTX).

The 787-9 carbon brakes use proprietary DURACARB® carbon heat sink material.  The DURACARB® carbon provides exceptional brake performance and a 35 percent brake life advantage over competitive products, producing significant cost savings for operators.

 "We are pleased to provide both our 787 wheel and brake equipment and our MRO services to Virgin Atlantic.," said Cory May, vice president of commercial programs, Wheels & Brakes.  "We have enjoyed a great working relationship with Virgin over the last 19 years and look forward to extending that with our support of this important addition to their fleet.

Philip Maher, Directory of Technical Operations for Virgin Atlantic Airways stated, "The 787 represents a leap forward in aircraft technology, and as the first UK operator of the 787-9 we are delighted to be able to select the UTC Aerospace Systems wheel and brake products. This selection was made following an exhaustive review of technical and commercial attributes, and we are positive that our confidence in the UTC Aerospace Systems' product will be borne out in service, once we take delivery of our first aircraft in September 2014."

Virgin Atlantic Airways Ltd. is headquartered in Crawley, West Sussex, England, near Gatwick Airport.  It operates over 40 Airbus and Boeing wide-bodied jets to over 36 destinations worldwide between the United Kingdom and North America, the Caribbean, Africa, the Middle East, Asia, and Australia.  It is the UK's second-largest long-haul airline and is continually recognized for providing customers with a premium travel experience.

UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries.  It is a worldwide leader in electro-mechanical aircraft brakes with over fifteen years of experience.  UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,083.80 -2.83 -0.02%
S&P 500 1,987.98 +0.97 0.05%
NASDAQ 4,472.1080 -1.5890 -0.04%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs