United Technologies' Wing F119 Engine Crosses Key Milestone

United Technologies Corporation’s (NYSE:UTX) business arm, Pratt & Whitney, recently declared that its F119 engine has exceeded 500,000 engine flight hours. The achievement not only highlights the company’s expertise over fifth-generation engine technology, but also reflects its commitment toward the U.S. Air Force.

Over the last three months, shares of this Zacks Rank #3 (Hold) stock yielded a return of 8.59%, outperforming 3.60% growth recorded by the Zacks categorized Diversified Operations industry.

The company is poised to grow on the back of diligent acquisitions, gradual global economic revival and a more streamlined organizational set-up.

Inside the Headlines

Pratt & Whitney’s F119 engine runs the Lockheed Martin’s (NYSE:LMT) F-22 Raptor – a fighter aircraft of the United States Air Force (USAF). The operational capability and maneuverability of the F-22 Raptor has become non-imitable on the back of the two F119 engines. The engine includes a perfect blend of stealth technologies, and comprises an exclusive thrust-vectoring nozzle, that permits unprecedented agility, speed, precision and situational awareness. All such features of this high-tech engine make F-22 Raptor an extraordinary fighter aircraft.

The core components of Pratt & Whitney’s F119 engine are similar to that of the F135 – the unique engine powering the fifth-generation F-35 Lightning II aircraft.

Almost 200 F119 engines currently power the F-22 Raptors of the USAF. The engine was first delivered in Jan 2013 and the company anticipates it to power the F-22 Raptor for another 30–40 years, since delivery.

Key Picks

Two better-ranked stocks in the industry are listed below:

Federal Signal Corporation (NYSE:FSS) has an average positive earnings surprise of 3.10% for the trailing four quarters and carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

ABB Ltd (NYSE:ABB) has an average positive earnings surprise of 15.06% for the last four quarters and currently carries a Zacks Rank #2.

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