UNITED TECHNOLOGIES CORPORATION
United Technologies Corporation (UTC) is one of those many organizations in the U.S. that impacts our lives every single day in a variety of ways while the majority of us who benefit from their products and services have never heard of them.
It’s certainly not that they’re in hiding. Not by a long shot. They have a beautiful corporate headquarters located in historic Hartford, Connecticut. They conduct business virtually everywhere in the world, boasting 4,000-plus locations doing business in approximately 180 countries in 30 different languages. They employ approximately 215,000 employees and are recognized as the 47th largest employer in the world on the 2006 Global 500 list, in Fortune.)
Boasting revenues of $47.8 billion last year, UTC is a diversified, American, multinational conglomerate generating more than 50% of their revenues outside the United States with 60% of their employees working abroad.
While you may not recognize the corporate name, you may very well be familiar with many of their products and services. Their business units include:
Carrier heating and air conditioning systems
Hamilton Sundstrand aerospace and industrial systems
Otis elevators and escalators
Pratt & Whitney aircraft engines
UTC Fire & Security protection services
United Technologies Research Center
20th largest U.S. manufacturer (2006 list, Industry Week)
43rd largest U.S. corporation (2006 list, Fortune)
55th largest publicly held manufacturer in the world (2006 list, Industry Week)
126th largest corporation in the world (2006 Global 500 list, Fortune)
Named “Most Admired” aerospace and defense company (2001-2006 lists, Fortune)
The core group of United Technologies companies was founded in 1929 as United Aircraft & Transport Corp. by the merger of Boeing, Chance Vought, Hamilton Standard, Pratt & Whitney and Sikorsky Aircraft. As a result of the Air Mail Act of 1934, United Aircraft and Transport broke up into three independent companies: Boeing, United Aircraft, and United Airlines. United Aircraft changed its name to United Technologies in 1975. Otis Elevator was acquired in 1976, Carrier Refrigeration in 1979, and Sundstrand in 1999. UTC entered the fire and security business in 2001 by purchasing Chubb Security. In 2005, United Technologies acquired Boeing’s Rocketdyne division, which was merged into the Pratt & Whitney business unit.
The next time you’re riding an escalator, relaxing in air conditioning, or enjoying your airplane flight, you’ll know just who was responsible for your comfort and safety.