787 service entry driving Hamilton Sundstrand aftermarket sales

Washington DC
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Orders for Hamilton Sundstrand's commercial spares business rose 24% in the third quarter from a year ago, as Boeing 787 operators purchased parts to prepare for the aircraft's entry into service, resulting in an 11% improvement in operating profit for the supplier.

Increased parts provisioning by airlines is delivering a "long awaited payback on the investment we made on 787", said Greg Hayes, CFO of United Technologies, parent company of Hamilton Sundstrand.

Hamilton Sundstrand supplies nine major systems on the 787, including the electrical power and environmental control systems.

In its third quarter earnings report, UTC recorded $1.53 billion in sales for Hamilton Sundstrand and an operating profit of $286 million.

To date, Boeing has delivered two 787s to Japan's All Nippon Airways, the first of which was contractually handed over to the airframer's launch customer on 25 September 2011. The company holds 795 aircraft in its backlog for the new twin jet.