United Technologies Corporation

United Technologies Corporation

United Technologies Corporation

Overview
Date Founded

1934

Headquarters

10 Farm Springs Road,Farmington, CT 06032

Type of Company

Public

Employees (Worldwide)

243K

Industries

Industrial Machinery & Manufacturing
IT Consulting & Services
Appliances & Electronics
Other Transportation
Other Manufacturing
Aerospace & Defense
Industrial Conglomerates

Company Description

United Technologies (UTC) is a diversified company that provides a broad range of high-technology products and services to the global aerospace and building systems industries. Our commercial businesses are Otis elevators and escalators and UTC Climate, Controls & Security, a leading provider of heating, ventilation, air conditioning, fire and security systems, building automation and controls. Our aerospace businesses are Sikorsky aircraft and the new UTC Propulsion & Aerospace Systems, which includes Pratt & Whitney aircraft engines and UTC Aerospace Systems aerospace products. The company also operates a central research organization that pursues technologies for improving the performance, energy efficiency and cost of UTC products and processes.

Contact Data
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Executives & Employees

Chairman of the Board, President & Chief Executive Officer

Associate General Counsel & Assistant Secretary

Chief Financial Officer & Senior Vice President

Executive Vice President & General Counsel

Secretary & General Counsel

Executive Vice President & Chief Human Resources Officer

Chief Digital Officer & Senior Vice President

Senior Vice President & Chief Communications Officer

President, Pratt & Whitney

Principal Accounting Officer, Vice President & Controller

Board of Directors

Chairman of the Board, President & Chief Executive Officer at United Technologies Corporation

Executive Chairman at Otis Elevator Co.

President, Chief Executive Officer & Director at Carbon, Inc.

Operating Partner at Advent International LLC

Chairman & Chief Executive Officer at Neural Analytics, Inc.

Former Chief Investment Officer at T. Rowe Price Group, Inc.

President, Chief Executive Officer, Chairman at AMI Industries, Inc.

Former Vice Chief of Staff at United States Army

Operating Partner at Advent International Corp.

Professional at Harris Corporation Retirement Plan

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United Technologies Corporation
Owners & Shareholders
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SSgA FM's methods of analysis include quantitative, fundamental, technical, cyclical, indexing, arbitrage, charting and other strategy specific methods. They offer a broad range of strategies including: Active, Enhanced, and Passive Equity; Active & Passive Debt; Cash Management; Multi-Asset Class Solutions; Real Estate (including Direct Real Estate); Senior Loans; Managed Futures; and Private Equity. Active equity strategies include enhanced equity and active quantitative strategies. The strategies cover market-cap and style segments of the market including: large-cap core, large-cap growth, large-cap value, mid-cap, small-cap, small-cap value, all-cap, and long-short equity. They also manage long-short and long-short market neutral strategies. SSgA FM's Active & Passive Debt strategies offers a range of investment styles from passive to active, short to long duration, tax-exempt, sovereign to high yield, and single country to global. The firm's Cash Management strategies seek to generate current income while preserving capital and liquidity by investing in diversified portfolios of short-term securities. SSgA FM's Multi-Asset Class strategies employ an asset allocation model as means of diversification and seek to position assets among major investment categories. Their Multi Asset Class Solutions strategies employ an asset allocation model as a method of diversification that aims to position assets among major investment categories. SSgA FM's Managed Futures strategy allocates assets using two approaches: a managed futures strategy and a fixed income strategy. The firm's Private Equity strategies focus on rigorous partner selection, thorough evaluation of quality investment opportunities, and fundamental, research-driven research.

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Wellington Management's investment services rely on their extensive independent research and include portfolio management styles and approaches in equities, fixed income securities, currencies and commodities, as well as asset allocation across these categories. The firm has a number of different disciplines when approaching research and these include asset allocation analysts, currency analysts, data scientists, factor analysts, fixed income credit analysts, fixed income market analysts, global industry analysts and research associates, macroanalysts, quantitative analysts and technical analysts. Wellington Management's portfolio management teams often include dedicated analysts who evaluate securities and other instruments for suitability based on the team's investment approach. The firm supplements their internal research with external research from sources such as broker/dealers and third-party research firms. These sources typically provide data, research and analysis and may serve as a gauge of market consensus.

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Dodge & Cox employs in-house fundamental bottom-up research, a rigorous valuation discipline, and maintains a long-term investment horizon. Their investment decisions are made by a team of seasoned investment professionals. The firm's approach stresses an evaluation of risk relative to opportunity and they seek investments that they believe are undervalued by the market.

Recent Transactions
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BAE Systems Plc purchases Collins Aerospace /Military GPS Business from United Technologies Corporation

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Asselio SARL purchases Union France Courtage SASU from United Technologies Corporation

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United Technologies Corporation purchases Raytheon Company

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onUnited Technologies Corporation purchases Rockwell Collins, Inc.

Auditor

Advised onUnited Technologies Corporation issued Common Stock

Legal Advisor

Advised onUnited Technologies Corporation purchases Raytheon Company

Legal Advisor

Advised onUnited Technologies Corporation purchases Raytheon Company

Legal Advisor

Advised onUnited Technologies Corporation purchases Raytheon Company

Legal Advisor

Advised onUnited Technologies Corporation purchases Goodrich Corp.

Advisors & Consultants
Consultant

President & Chief Executive Officer at Bombardier, Inc.

Advisor

Vice President, Research at Carnegie Mellon University

Real Estate Agent

Partner of Global Corporate Services, International at Newmark Knight Frank

Clients

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defence systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defence systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in 1961 and is headquartered in Bethesda, MD.

General Dynamics is a market leader in business aviation; combat vehicles, weapons systems and munitions; shipbuilding and marine systems; and mission-critical information systems and technology. The company was formed in 1952 through the combination of the Electric Boat Company, Consolidated Vultee (CONVAIR) and several others. The company grew organically and through acquisitions until the early 1990s, when they sold many of our defense-related businesses. Starting in the mid-1990s, they began expanding by acquiring combat vehicle-related businesses, additional shipyards, information-technology product and service companies and Gulfstream Aerospace Corporation.

Air Lease Corp. engages in the provision of aircraft leasing business. It focuses on purchasing new commercial jet transport aircraft directly from aircraft manufacturers, and leasing those aircraft to airlines throughout the world with the intention to generate attractive returns on equity. The company was founded by Steven F. Udvar-Hazy in January 2010 and is headquartered in Los Angeles, CA.

Key Stats and Financials As of 2019
Market Capitalization
$130B
Total Enterprise Value
$171B
Earnings Per Share
$6.41
Revenue
$77.1B
Total Equity
$44.3B
Net Profit
$5.54B
EBITDAMargin
15.4%
EBITDA
$11.9B
Total Debt
$46.3B
Enterprise Value Sales
2.22x
Enterprise Value EBITDAOperating
14.16x
Debt TEV
0.27x
TEVNet Income
30.86x
Five Year Compounded Annual Growth Rate Of Revenue
3.41%
Three Year Compounded Annual Growth Rate Of Revenue
10.32%
Non-Profit Donations & Grants
$250K - $500K
2018
$250K - $500K
2017
Political Donations
$1,000
2014
$2,000
2014
$5,000
2014
Investments
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Advanced Military Maintenance, Repair & Overhaul Center LLC manages a military maintenance, repair and overhaul center. It delivers aircraft maintenance and support services to the United Arab Emirates armed forces and other military operators throughout the Middle East and North Africa region. The company was founded in 2010 and is Headquartered in Abu Dhabi, the United Arab Emirates

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An RFID industry veteran working with world-class client organizations since 2003, Rush Tracking Systems serves as a trusted RFID advisor, with the experience and integrity to recommend, build and deliver the right tracking solutions to meet client business needs. Rush Tracking Systems offers unsurpassed RFID technical expertise coupled with a consultative business approach, and excels at helping clients achieve the greatest business value from RFID technologies.The company has proven expertise in consumer packaged goods, retail, industrial manufacturing, aerospace and defense, automotive, pharmaceutical and petrochemical industries. Headquartered in Kansas City, Kansas, Rush Tracking Systems has achieved a compound annual growth rate of more than 130% since 2003.

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SolarReserve, Inc. develops utility-scale solar power projects and advanced solar thermal technology. It offers utility and mining industry, energy infrastructure asset investors, commercial and industrial solar for South Africa. The company was founded by Terry Murphy in 2007 and is headquartered in Santa Monica, CA.

Investors
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Founder at Third Point LLC

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Co-Founder at Pershing Square Foundation

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Co-Founder & Owner at Yankee Technology, Inc.

Suppliers
Ducommun, Inc. Appliances & Electronics | CARSON, CA

Founded in 1849, Ducommun Incorporated is the oldest company in California. Evolving from a hardware supply store opened by Charles Ducommun in Los Angeles during the California Gold Rush, the company assisted in the birth of the aerospace industry in Southern California by providing aircraft aluminum to companies such as Lockheed. Today, Ducommun is a leading provider of engineering and manufacturing services for high-cost-of-failure applications in diverse markets, including aerospace, defense, industrial, oil-and-gas, mining and medical. Ducommun provides its customers with custom, high-reliability solutions for their electronic and aircraft structure needs. The company draws upon best-in-class processes, a continuous improvement culture and a passionate commitment to excellence to deliver quality in everything it does. Ducommun operates through three business units: Ducommun AeroStructures (DAS) is a manufacturing services company supplying a wide variety of composite and metal bond structures and assemblies, including aircraft wing spoilers, large fuselage skins, helicopter blades, flight control surfaces and engine components, to a global customer base. The company also designs, engineers and manufactures the largest, most complex contoured aluminum, titanium and Inconel® aerostructure components in the aerospace industry today. Ducommun’s integrated processes include stretch-forming, thermal-forming, Ti SPF and hot forming, chemical milling, precision fabrication, machining, and finishing, as well as integrating components into subassemblies. Ducommun AeroStructures serves the full spectrum of commercial and military aerospace end markets, including commercial airliners, regional and business jet aircraft, military aircraft, commercial and military helicopters, satellites and space launch vehicles. The company has operations in California, Kansas, New York and Mexico. Ducommun LaBarge Technologies (DLT) is a leading provider of electronics manufacturing services, including the design and manufacture of complex cable assemblies and interconnect systems, printed circuit board assemblies, and higher-level electronic, electromechanical and mechanical assemblies for diverse, high-reliability applications. Ducommun LaBarge is also a leading supplier of electromechanical illuminated push button switches for the aerospace industry, microwave switches and components for the aerospace and wireless communications industries, and engineering, technical and program management services principally for the aerospace industry. Ducommun LaBarge Technologies serves a variety of end markets, including defense, aerospace, industrial, oil-and-gas, mining and medical. The company has operations in Arizona, Arkansas, California, Missouri, Oklahoma, Pennsylvania, Texas, Wisconsin and Thailand. Ducommun Miltec is an engineering services company engaged in missile and aerospace system design, development, integration, and test. The company proactively leverages the knowledge base, capabilities, talent, and technologies of this focused market into NASA and commercial ventures. Ducommun Miltec's primary customer base consists of the US Army Space and Missile Defense Command (SMDC) and the Aviation and Missile Command (AMCOM), with additional major customers including the Missile and Space Intelligence Center (MSIC), the US Navy, and NASA Marshall Space Flight Center (MSFC). As an integrator, Miltec provides extensive in-house engineering capabilities in all applicable areas related to defense/aerospace systems. These areas include, but are not limited to, systems, aerodynamics, propulsion, guidance-navigation-and control (GNC), lethality/warheads, simulation, avionics, structures, software, IMUs, seeker/sensors, and signal processing. The company has operations in Alabama, Colorado, and Mississippi.

Esterline Technologies Corp. Electrical Products | Bellevue, WA

Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. The firm product brands include Armtec, Auxitrol, CMC, Darchem, Jsanco, Leach and LRE. It operates through the following segments: Avionics & Controls; Sensors & Systems; and Advanced Materials. The Avionics & Controls segment includes avionics systems, control systems, interface technologies and communication systems capabilities. The Sensors & Systems segment includes power systems, connection technologies and advanced sensors capabilities. The Advanced Materials segment includes engineered materials and defense technologies capabilities. The company also develops and manufactures combustible ordnance and countermeasures for military applications. Esterline Technologies was founded in 1967 and is headquartered in Bellevue, WA.

Hexcel Corp. Industrial Machinery & Manufacturing | STAMFORD, CT

Hexcel Corp. engages in the development, manufacture, and market of advanced composite materials for the commercial aerospace, space and defense, and industrial markets. It operates through the following segments: Composite Materials; Engineered Products; and Corporate and Other. The Composite Materials segment comprises of carbon fiber, specialty reinforcements, resins, prepregs and other fiber-reinforced matrix materials, and honeycomb core product lines and pultruded profiles. The Engineered Products segment consists of lightweight high strength composite structures, engineered core and honeycomb products with added functionality, and additive manufacturing. The company was founded by Roger C. Steele and Roscoe T. Hughes in 1946 and is headquartered in Stamford, CT.

Competitors
General Electric Company Power & Utilities - Boston, MA

General Electric Co. is a technology and financial services company. It operates through the following segments: Power, Renewable Energy, Aviation, Healthcare, and Capital. The Power segment offers technologies, solutions, and services related to energy production, which includes gas and steam turbines, generators, and power generation services. The Renewable Energy segment provides wind turbine platforms, hardware & software, offshore wind turbines, solutions, products & services to hydropower industry, blades for onshore & offshore wind turbines, and high voltage equipment. The Aviation segment provides jet engines & turboprops for commercial airframes, maintenance, component repair, and overhaul services, as well as replacement parts, additive machines & materials, and engineering services. The Healthcare segment provides healthcare technologies in medical imaging, digital solutions, patient monitoring, and diagnostics, drug discovery, biopharmaceutical manufacturing technologies and performance enhancement solutions. The Capital segment leases & finances aircraft, aircraft engines and helicopters, and also provides financial and underwriting solutions. The company was founded by Thomas Alva Edison in 1878 and is headquartered in Boston, MA.

Honeywell International, Inc. Aerospace & Defense - MORRISTOWN, NJ

Honeywell is a Fortune 100 company that invents and manufactures technologies to address tough challenges linked to global macrotrends such as safety, security, and energy. With approximately 132,000 employees worldwide, including more than 19,000 engineers and scientists, we have an unrelenting focus on quality, delivery, value, and technology in everything we make and do.

SAFRAN Group Aerospace & Defense - Paris, IF

Safran SA engages in the design, manufacture, and sale of aircraft, defense and communication equipment and technologies. It operates through the following business segments: Aerospace Propulsion, Aircraft Equipment, Aircraft Interiors, Aerosystems and Defence. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion systems for commercial aircraft, military transport, training and combat aircraft, rocket engines, civil and military helicopters, tactical missiles and drones. The Aircraft Equipment segment specializes in mechanical, hydromechanical and electromechanical equipment. The Aircraft Interiors segment engages in the manufacture of Cabin interiors for regional, medium-haul, long-haul, business and military aircraft. The Aerosystems segment in the aircraft electrical distribution and power generation systems, lighting solutions, interconnection solutions, safety systems, oxygen systems, fluid, water and waste management systems, in-flight entertainment systems, remote measurement and communication systems and fuel systems. The Defence segment includes all businesses serving naval, land, and aviation defence industries. The company was founded on August 16, 1924 and is headquartered in Paris, France.

Awards & Honors
Rank #45
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #45
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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