United Technologies Corporation (UTX) and Aircraft Purchases

Such companies may prove the lifeblood of the aircraft sector over the next decade, as carriers add service between previously underserved destinations and short-haul flying continues to gain acceptance. The last company noted, Embraer SA (NYSE:ERJ), has sizable orders from JetBlue, Delta, and United Continental. The Brazilian company also has domestic customers, and those in Latin America and Asia, along with China, Africa and the Middle East. ERJ shares hold appeal for long-term investors in light of its solid order levels. Moreover, its rising backlog is illustrative of the healthy outlook for aircraft equipment oout several years.

United Technologies Corporation (NYSE:UTX) will likely continue to play a greater role in the worldwide aircraft market while conditions continue to be conducive to growth. As evidenced by the Goodrich buyout and another purchase around that time of International Aero Engines AG, it has the resources to increase its share of the market.

All in all, while results in its elevator, HVAC equipment, and helicopter businesses will also be factors, United Technologies Corporation (NYSE:UTX) is poised for solid financial results this year behind commercial aerospace market improvements. If it can further wrest share in this sector away from competitors as demand climbs more, these operations should serve it well over the balance of the decade.

The article United Technologies and Aircraft Purchases originally appeared on Fool.com.

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