Model Airplanes

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break;Article source: http://money.cnn.com/2017/07/20/news/companies/embraer-kc390-military-transport-lockheed-c130-super-hercules/index.html

United Technologies Corp.’s boss warned Tuesday that the company may need to raise prices for its jet engines and aerospace parts, if airplane makers try to steal some of its lucrative maintenance business.

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Jet engine makers, like United Technologies’ Pratt Whitney division, General Electric Co. and Rolls-Royce Holdings PLC, typically sell the huge machines with little or no profit but then make up the money by selling decades of servicing and parts.

But Boeing Co. and Airbus SE have been nudging their way into that aftermarket business to capture some of that profit — a strategy that puts them on a collision course with suppliers.

United Technologies is particularly exposed because aside from Pratt Whitney it runs a large aerospace division, which makes parts such as wheels and landing gear. Those units accounted for more than half of its $15.28 billion in second-quarter revenue.

“If we’re going to change that model, where the [plane makers] are going to take more of the aftermarket or demand more of the aftermarket, we’re going to have to think about how we price our products,” United Technologies CEO Greg Hayes said on a conference call.

The Farmington, Conn., company spent $10 billion developing its latest engine, called the geared turbofan, and the launch will continue to hurt profits at the Pratt Whitney division before it starts making money on the installed engines. “If all of a sudden I lose that aftermarket, I don’t have a business going forward,” he

Article source: http://www.foxbusiness.com/features/2017/07/25/utc-warns-jet-makers-that-poaching-service-business-will-mean-higher-prices.html

“It was a way to spend time with him, once I moved home,” said Lann, a member of the Northumberland RC Modelers. The local group of model airplane enthusiasts held its annual Fun Day on Saturday in Priestville, attracting about 25 participants.

Article source: http://www.ngnews.ca/living/2017/7/24/rc-modelers-hold-annual-fun-day-in-priestville.html