This Day On The Street
Continue to site
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

UTC Aerospace Systems Signs Long-term Boeing 787 Component Service Agreement With ST Aerospace

CHARLOTTE, N.C., June 17, 2013 /PRNewswire/ -- PARIS AIR SHOW -- UTC Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX) and key supplier in the Boeing 787 Dreamliner program, and ST Aerospace have signed a long-term repair license agreement for maintenance, repair and overhaul (MRO) services for UTC Aerospace Systems components on the Boeing 787 aircraft.

As a licensed MRO service provider for UTC Aerospace Systems' electrical and air management systems, this partnership allows ST Aerospace to extend its nose-to-tail solutions to include services for UTC Aerospace Systems components installed on the Boeing 787, including bleedless systems and liquid cooling components. ST Aerospace will deliver reliable customised maintenance solutions to Boeing 787 operators globally.

"This relationship with ST Aerospace will bolster the levels of customer support provided for UTC Aerospace Systems' products on the 787 around the world," said Jim Patrick, vice president of Customer Service for UTC Aerospace Systems' Power, Controls and Sensing Systems segment. "ST Aerospace's strong global presence, particularly in the Asia Pacific region, completes our global 787 network structure, and their vast experience in the aircraft MRO industry will provide a unique perspective to successfully support our customers."

"We are excited at the opportunity to expand our partnership with UTC Aerospace Systems through this new aircraft platform," said Chang Cheow Teck, president of ST Aerospace. "Building upon a strong OEM solution and leveraging our global MRO network as an independent integrated service provider, we look forward to providing Boeing 787 operators with adaptive maintenance solutions that create long term growth value."

With this agreement, ST Aerospace becomes an official member of UTC Aerospace Systems' Boeing 787 MRO supplier network. Prior to this partnership, both companies had been collaborating on component repair services for various aircraft platforms.

ST Aerospace:  ST Aerospace (Singapore Technologies Aerospace Ltd) is the aerospace arm of ST Engineering. Operating a global MRO network with facilities and affiliates in the Americas, Asia Pacific and Europe, it is the world's largest commercial airframe MRO provider with a global customer base that includes leading airlines, airfreight and military operators. ST Aerospace is an integrated service provider that offers a spectrum of maintenance and engineering services that include airframe, engine and component maintenance, repair and overhaul; engineering design and technical services; and aviation materials and management services, including Total Aviation Support. Through its customised Maintenance-By-the-Hour (MBH ) programmes, it delivers customised reliable component and engine maintenance services to aircraft operators worldwide. ST Aerospace has global staff strength of more than 8,000 engineers and technical specialists. Please visit

UTC Aerospace Systems:  UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defence industries. UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities.

United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries.

For updates from United Technologies Corp.'s aerospace businesses visit or follow @UTC on Twitter.

SOURCE UTC Aerospace Systems

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.71 2.20%
FB $117.53 -0.88%
GOOG $692.09 -0.88%
TSLA $233.72 -3.30%
YHOO $35.95 -1.60%


Chart of I:DJI
DOW 17,628.94 -121.97 -0.69%
S&P 500 2,063.37 -18.06 -0.87%
NASDAQ 4,763.2240 -54.37 -1.13%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs