Sikorsky Aircraft, an operating unit of United Technologies Corporation UTX, recently selected Decision Lens, a provider of cloud-based prioritization and resource optimization software solutions, to prioritize engineering and design projects across the commercial and defense sectors.
Sikorsky selected the Software as a Service (SaaS) platform of Decision Lens to ensure resource optimization solutions for better allocation and prioritization. Integrating data, software expertise and analysis into its research and development portfolio will provide Sikorsky with better planning and investments.
There is a growing demand for this software solution in the aerospace sector. Decision Lens has a proven track record of providing innovative solutions leading to better outcomes. Sikorsky will take advantage of the platform's sophisticated analytics to meet its strategic goals and identify the key decisions for the purpose.
Sikorsky is one of the world’s largest manufacturers of military and commercial helicopters, and also provides aftermarket helicopter and aircraft parts and services. Sikorsky is increasingly engaging in logistics support programs and partnering with government and commercial customers to manage and provide maintenance and repair services.
Based in Hartford, CT, United Technologies – the parent firm of Sikorsky — provides high-end technology products and services to the building systems and aerospace industries worldwide. The company serves various end markets such as aerospace, defense and commercial construction. The business diversification allows United Technologies to remain profitable amid a challenging macroeconomic environment.
United Technologies currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Pointer Telocation Ltd. PNTR, Net 1 Ueps Technologies Inc. UEPS and Compass Diversified Holdings CODI, each carrying a Zacks Rank #2 (Buy).
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