The jet age is starting to re-assert itself, which is why I'm Reiterating my Buy rating for United Technologies (NYSE: UTX), first recommended on February 13, 2009 at a price of $47.09. If you bought UTX in February, you're up about 35%.

The projected 3-4% FY2010 revenue growth for UTX is looking a tad low, due to large order backlogs for both Boeing (NYSE: BA) and Airbus. Wall Street had factored-in some order deferments/cancellations, and that did weigh on United Technologies shares this summer, but now it appears the D/Cs will not be as large, which removes a potential revenue cloud.

United Technologies Corp. (NYSE: UTX), the second-most famous Connecticut-based conglomerate behind General Electric Co. (NYSE: GE), today raised profit and revenue forecast for the year and reported decent results as well.

Net income was $1.15 billion, or $1.16 per share. Gains across its lines of business ranging from Otis elevators to Sikorsky helicopters boosted sales by 13% to $13.9 billion. Analysts surveyed by Thomson Financial had expected earnings of $1.15 on revenue of $13.34 billion.

The company raised revenue guidance for the year to $53 billion from $51 billion and upped its EPS estimate to $4.15 to $4.25 from $4.05 to $4.20. Investors, though, apparently were expecting better, sending shares down in pre-market trading. Analysts expected earnings of $4.19 on sales of $52.4 billion, according to Thomson Financial.

Though United Technologies trails GE in market cap, it beats its larger rival in share performance. This year, shares of the Hartford-based company have jumped about 23%, more than double GE's 9%. The stock also is cheap with a multiple of 20.3 compared with GE's 19.6.