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United Technologies Unit to Hone Aviation Talent in India


United Technologies Corporation UTX division, Pratt & Whitney recently opened a new avenue for its PW1100G-JM Geared Turbofan (GTF) and V2500 engine technical training courses, certified by the European Aviation Safety Agency, after India’s Directorate General of Civil Aviation ratified the certifications. The certified courses will take place at the Pratt & Whitney customer training center in Hyderabad and will provide enhanced opportunities for aviation skill development in India.

Having a strong presence in India for more than 70 years, Pratt & Whitney’s program will bring the latest in aerospace technology as well as hands on, live and world-class aerospace training closer to its customers in one of the high-growth regions of the world. The company will be able to deliver world-class training programs that will help to create skilled aviation talent in the region.

The Hyderabad Training Center has a capacity of 5,000 students per year. The program also supports the Government of India's national skill development campaign, "Skill India". Pratt & Whitney will offer customized training for students as well as development programs for college and university faculty members.

The company will be able to deliver training programs that will help to create more skilled local aviation talent pool and help India to become a leader in the global aviation industry. The company earlier established three training centers in East Hartford, CT, Beijing, China and Hyderabad, India, to enhance the skills of the aerospace workforce around the world. The training centers provide instruction in general engine familiarization, line and base maintenance and borescope inspection training for Pratt & Whitney's portfolio of products including the GTF engine.

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. Its parent firm, United Technologies, provides high-technology systems and services to the building and aerospace industries. The company overhauled its organizational structure in the aerospace business along with some key changes in the leadership positions within it. United Technologies anticipates that the streamlined organizational set-up would enable it to better serve its employees, customers and suppliers. United Technologies has outperformed the industry in the last three months with an average return of 6.4% against a decline of 3.2% for the latter.

United Technologies has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include Hitachi Ltd. HTHIY, sporting a Zacks Rank #1 (Strong Buy), Barloworld Ltd. BRRAY and 3M Company MMM, carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Hitachi has an expected long-term earnings growth rate of 13%. It exceeded estimates in each of the trailing four quarters with an average beat of 44%.

Barloworld has an expected long-term earnings growth rate of 14.4%.

3M has an expected long-term earnings growth rate of 10.2%. It exceeded estimates thrice in the trailing four quarters with an average beat of 3.2%.

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