United Technologies Corporation is a multinational conglomerate and global leader in the aerospace and defense industry. It mainly designs, manufactures and installs aircraft engines and offers services in the aerospace engineering program, as well as in building systems.
Its products range from aerospace crafts and engines and components to building systems, fire and security, as well as elevators and HVAC.
UTC is also a major military contractor which offers its services mainly to the U.S. government.
United Technologies General Information
|HQ:||10 Farm Springs Road, Farmington, Connecticut, United States|
|Traded as:||NYSE: UTX|
|Founded:||1934 (as United Aircraft Corporation); 1975 (as United Technologies Corporation)|
|Successor:||Raytheon Technologies, Otis Worldwide Corporation and Carrier Global Corporation|
All United Technologies Locations
United Technologies Contact Number/ Address
Address: 10 Farm Springs Road, Farmington, Connecticut 06032-2577 United States Get directions
13995 Pasteur Blvd, Palm Beach Gardens, FL 33418, USA Get directions
Phone: +1 (860) 728-7000
Fax: +1 (302) 655-5049
About United Technologies Corporation
The major business operations of UTC is divided into four segments: Otis, Carrier (which covers the UTC Climate, Controls & Security), Pratt & Whitney and Collins Aerospace (or the UTC Aerospace Systems).
The Otis segment engages in the design, manufacturing, installation and modernizing of passenger and freight elevators, escalators and moving walkways. It also offers maintenance and repair services for these products.
The Carrier division primarily manufactures and provides heating, ventilating, air conditioning (HVAC) and refrigeration services. It also offers services in the building installation, automation, integration, monitoring and maintenance of its products for residential, commercial, corporate, government and transportation systems.
The Pratt & Whitney segment serves as a major supplier for different aircraft engines for commercial, military, business jet and general aviation markets. Its services include fleet management and aftermarket maintenance, monitoring and repair and overhaul services for business jets, commercial and general aviation markets and military aircrafts.
Finally, Collins Aerospace mainly manufactures aircraft engine parts and components. It also offers services in the protection, aircraft sensing, engine control, surveillance and reconnaissance and environmental control systems of the engine components, as well as the electric power generation and management systems for the aircrafts, among others. The aerospace products and aftermarket service solutions services of the Collins segment mainly offers its services to business and general aviation markets, aircraft manufacturers, airlines, as well as military, space and submarine operations.
UTC was founded in 1934 as United Aircraft Corporation. It was formally established as United Technologies Corporation in 1975. The renaming of the company aimed to encompass the diversity of its products and services portfolio as it eventually ventured into other high technology fields aside from military aerospace.
Upon its initial establishment, United Technologies Corporation expanded in a period of three years with multiple mergers and acquisitions. The company’s first three acquisitions were fast and rather forced: Otis Elevator in 1976 and Carrier Refrigeration and Mostek in 1979.
In the 2000s the company ventured in the fire and security industry with its procurement of Chubb Security and Kidde. It expanded its aerospace business and acquired Schweizer Aircraft Corporation in 2004, then Boeing’s Rocketdyne division a year later, subsequently renaming it as Pratt & Whitney Rocketdyne.
UTC further diversified its industry and acquired NORESCO, an energy service business in 2008. Two years later, the company established the United Technologies Research Center Ireland with an investment of $20 million. This aimed to further develop its energy and security systems.
The HVAC and air conditioning business of the company expanded in 2015 with the acquisition of CIAT Group, the leading HVAC manufacturing company in France. This procurement added to the UTC’s Carrier Air Conditioner venture.
The latest merger of UTC was with defense contractor Raytheon in 2019. Both companies established Raytheon Technologies Corporation, which is currently considered as the second largest aerospace and military defense company after Boeing.
United Technologies Corporation was formally established and founded by American businessman and philanthropist Harry Jack Gary in 1975, originally as United Technologies Corporation. As of 2019, Gregory J. Hayes is the current CEO and Chairman of the global conglomerate.
United Technologies Corporation (NYSE: UTX) is an American technology company aimed at “innovating an extraordinary future” and addressing global challenges in the fields of aerospace, military and defense and building industries. It focuses on building cutting-edge technologies especially for aerospace programs.
Two of its operational segments—Collins Aerospace and Pratt & Whitney—continue to innovate its technologies with “next-generation aircraft engines” with its high-precision integrated systems and components. The other two commercial business segments—Carrier and Otis—offer services in building systems and industries which ensure their clients “to live and work in more modern, safe, secure and sustainable environments.”
United Technologies Products and Services
What companies are owned by United Technologies?
UTC has four major company acquisitions and mainly operates in these four segments:
Otis Elevator Company: manufactures elevator, escalator and moving walkways
- Otis Gen2® elevator
- SkyRise® high-rise elevator
- SkyBuild™ construction elevator
- Link™ escalators
- CompassPlus® destination dispatch
- OptiSense™ video analytics
- Otis ONE™ service platform
- Otis eCall™ app
Carrier: manufactures modern air conditioning and HVAC
- Automated Logic
- Carrier Transicold
- Delta Security Solutions
Pratt & Whitney: manufactures aerospace engines
- International Aero Engines (V2500® Engine)
- Engine Alliance (GP7200 Engine)
- Advanced Turbine Engine Company (T900 Engine)
- Geared Turbofan™ Engine
- F135 Engine
- F100 Engine
- F117 Engine
- F119 Engine
- PW300 Engine
- PT6A Engine
- PW100/150 Engine
- PW200/210 Engine
- PW800 Engine
Collins Aerospace: provides advanced technology solutions in the aerospace, military and defense industry
- Mechanical Systems
- Mission Systems
- Power and Controls
The Future of United Technologies Corporation
Quantumrun, a global foresight services platform has released a development and disruption vulnerability report for United Technologies Corporation for the coming decades in 2017. The analysis was based on the company’s annual financial health, asset performance and innovation assets and pipeline of the company.
In the field of aerospace, the following are the global trends for UTC:
- UTC’s aerospace products and transportation systems shall further improve at the height of its innovation in nanotechnology and components manufacturing. This technological development will produce stronger and impact-resistant materials for UTC’s products.
- The shift to the utilization of more cost-efficient sources of energy will lead towards further innovation of electric-powered machinery in the aerospace industry of UTC, specifically in its commercial aircrafts and combat vehicles.
- The company’s further innovation of hypersonic airliners and more sophisticated engine design will prove to be more economical for its commercial airlines and business clients.
In the field of commercial businesses, UTC shall foresee the following:
- The company shall be engaged in more urban development projects as well as more technologically advanced transportation systems improvement because of the global trend of greater and unprecedented urbanization in the next 20 years.
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