UTC Aerospace Systems (UTAS), operating under United Technologies, is one of the world’s largest suppliers of aerospace and defense products. UTC develops, manufactures and delivers parts to some of the biggest names in the aerospace industry. As a premier Boeing parts supplier and Airbus parts supplier, UTC has been hit hard with increases in production rates demanded by these OEMs.
UTC’s CEO, Greg Hayes, said during the company’s first-quarter 2018 earnings call,
“At Pratt & Whitney we are at rate 55 with geared turbofan engines...and we have committed to take the rate up over the next couple of years. But for the second- and third-tier suppliers, I question if the sub-tiers really have enough capacity. If we are going to see big jumps in A320neo and 737 production rates, it will be a problem, so you will see big bottlenecks.”