United Technologies (NYSE:UTX) | Competitors & Competition

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Commercial/Military Aircraft Engines

UTC's aerospace businesses are subject to substantial competition from domestic manufacturers, foreign manufacturers (whose governments sometimes provide research and development assistance, marketing subsidies and other assistance for their national commercial products) and companies that obtain regulatory agency approval to manufacture spare parts. In particular, Pratt & Whitney experiences intense competition for new commercial airframe/engine combinations. Engine suppliers may offer substantial discounts and other financial incentives, performance and operating cost guarantees, participation in financing arrangements and maintenance agreements. Customer selections of engines and components can also have a significant impact on later sales of parts and services. In addition, the U.S. government's and other governments' policies of purchasing parts from suppliers other than the original equipment manufacturer affect military spare parts sales.

Joint ventures are common in the aerospace & defense industry where companies (and even competitors) team up and work together to manufactrure certain products. For example, Pratt & Whitney, MTU Aero Engines AG, and Japanese Aero Engines Corporation (JAEC) participate in the IAE International Aero Engines AG (IAE) collaboration, which sells and supports V2500 engines for the Airbus A320 family of aircraft. For more information about IAE, you can visit the IAE website here!

United Technologies - Top Competitors by Segment

Pratt & Whitney's major competitors in the sale of aircraft engines are GE Aviation, Rolls-Royce, Honeywell, Turbomeca, and CFM International.

Key competitors of UTC Aerospace Systems (Hamilton Sundstrand + Goodrich) are Honeywell and Parker Hannifin.

Sikorsky's main competitors are Bell Helicopter (Textron), AgustaWestland, and Airbus Helicopters (formerly Eurocopter).

We have a specific page for the competitors of Goodrich prior to the United Technologies acquisition: Goodrich Competitors.

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