The Boeing Company (BA): Three Stocks to Buy From the Paris Air Show

United Technology had a strong showing at the Paris Auto Show, with the company’s Pratt & Whitney unit leading the way. Along with that unit, United Technologies Corporation (NYSE:UTX) also saw strong sales from its subsidiary UTC Aerospace. That business unit signed a deal with ST Aerospace for the maintenance and repair on components used on the Boeing 787 Dreamliner.

In 2012, larger commercial engine orders were up 46% for Pratt & Whitney. United Technologies saw three units report revenue of over $10 billion in fiscal 2012. UTC Climate reported revenue of $17.1 billion, while Otis reported revenue of $12.1 billion. Both of these were declines from fiscal 2011. The Pratt & Whitney unit saw revenue increase 9.8% to $14.0 billion. The unit should continue to increase sales in fiscal 2013 and help the company to their targeted revenue of $64 to $65 billion.

Conclusion

We are in the beginning stages of an aerospace boom. The coming technology improvements in aircraft and the increasing need for airlines to buy new fuel-efficient aircraft is creating numerous opportunities in the aerospace sector. At Pratt & Whitney, the company is seeing production rise to levels last seen in the 1980s.

Every portfolio should consider having a position in an aerospace company. Retirement accounts or accounts for long term investors may want to go long all three stocks. Boeing, Airbus, and United Technologies Corporation (NYSE:UTX) will all rise with the strength of the aerospace sector and strong demand for the company’s products.

Chris Katje has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned.

The article Three Stocks to Buy From the Paris Air Show originally appeared on Fool.com and is written by Chris Katje.

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