United Technologies Corporation

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United Technologies Corporation

logo
legal form Corporation
ISIN US9130171096
founding 1975 (1853)
resolution April 3, 2020
Reason for dissolution Merger with Raytheon to become Raytheon Technologies
Seat Hartford , Connecticut ,United StatesUnited States
management Gregory J. Hayes (Chairman & CEO )
Number of employees 202,000
sales 57,244,000,000 US dollars
Branch Conglomerate
Website www.utc.com
As of December 31, 2016

The United Technologies Corporation ( UTC ) was an American , the world of represented manufacturers of technology products headquartered in Gold Building in Hartford , Connecticut . United Technologies Corporation's stock traded on the New York Stock Exchange under the symbol UTX and was a component of the Dow Jones Industrial Average .

In the Forbes Global 2000 of the world's largest companies, United Technologies Corporation was ranked 99th (as of fiscal year 2017). The company had a market value of approximately USD 100 billion in mid-2018.

structure

Former divisions

  • UTC Automotive
    auto supplier, sold to Lear Corporation
  • UTC Power and UTC Fuel Cells
    Manufacturer of power generators and fuel cells for use in space travel, transportation systems and buildings.
  • Pratt & Whitney Rocketdyne
    Manufacturer of rocket engines, sold to GenCorp
  • Sikorsky
    Manufacturer of civil, industrial and military helicopters, sold to Lockheed Martin
  • Otis Elevator Company
    manufacturer of elevator systems, escalators and treadmills, spin-off
  • Carrier
    World leader in the production and sale of heating, ventilation, cooling and air conditioning systems, spin-off

history

Standard Steel Propeller was founded in 1919. It is one of the two predecessors of the Hamilton Standard company . The second predecessor, Hamilton Aero Manufacturing, was founded in 1920. Igor Sikorski founded Sikorsky Aero Engineering in 1923. Pratt & Whitney Aircraft was founded in 1925. The first products are the Wasp and Hornet aircraft engines. Carrier installed air conditioning in the US House of Representatives and Senate premises in 1928 . Boeing , Pratt & Whitney , Hamilton, and Sikorsky merged in 1929 to form the United Aircraft and Transport Corporation . The central research center was founded in 1929. In 1934 United Aircraft and Transport was split into United Aircraft Corporation, Boeing Airplane Company , and United Air Lines Transport .

Hamilton Standard introduced the Hydromatic Propeller in 1938 . Sikorsky tested his first helicopter with the VS-300 in 1939 . During the Second World War, the following products are manufactured over a 3-year period: Sikorsky produces over 150 helicopters, Pratt & Whitney supplies over 300,000 aircraft engines and Hamilton Standard supplies 500,000 propellers.

In 1948 Pratt & Whitney produced the first American jet engine . Hamilton Standard began developing fuel gauges for aircraft. Sikorsky tested the first turbine-powered helicopter from 1957 . The Boeing 707 with Pratt & Whitney JT3 engines became the first American turbine-powered jet in commercial use in 1958. United Aircraft began developing rocket engines in 1958

Hamilton Standard developed the first electronic cabin pressure control in 1966 . United Aircraft completes the first gas turbine-powered TurboTrain multiple unit. The Apollo 11 astronauts land on the moon wearing standard Hamilton spacesuits and Pratt & Whitney fuel cells ; a Sikorsky helicopter picks up the astronauts after landing. The Boeing 747 was introduced as the first jumbo jet with Pratt & Whitney JT9D turbines . The Research Center built the first high-speed wind tunnel in the world in 1971 . United Aircraft Corporation changed its name to United Technologies Corporation (UTC) in 1975. Otis introduced the first microprocessor-based elevator control in 1979. UTC sold the Elliott Company in 1987

UTC acquired Goodrich Corporation , a competitor of Honeywell, for $ 18.4 billion in 2011 . UTC Power was given to ClearEdge Power in 2013 for a payment of $ 230 million.

On June 9, 2019, Raytheon and United Technologies announced plans to merge. The share swap merger was completed on April 3, 2020 and UTC was therefore dissolved.

Managing Director of UTC

Harry Gray 1974-1986
Robert Daniell 1986 - April 1994
George David April 1994 - April 2008
Louis R. Chênevert April 2008
Gregory J. Hayes November 2014 - April 2020

Web links

Footnotes

  1. ↑ Restated Certificate of Incorporation ( Memento of 26 September 2007 at the Internet Archive )
  2. ↑ Leadership Team
  3. ↑ a b Form 10-K 2016
  4. ^ The World's Largest Public Companies . In: Forbes . ( forbes.com [accessed July 17, 2018]).
  5. ^ United Technologies Automotive Inc. History
  6. ↑ a b Stephen Singer: Goodbye, Otis and Carrier: UTC board approves plan to spin off elevator and heating and cooling manufacturers. In: courant.com. Retrieved April 4, 2020 .
  7. ↑ UTC INCOME UP 140 PERCENT IN SECOND QUARTER , AP News Archive, July 15, 1987
  8. ↑ UTC out $ 227M to unload its fuel cell unit. Hartford Business, May 6, 2013, accessed January 29, 2015 .
  9. ↑ New huge US defense company planned through merger orf.at, June 10, 2019, accessed June 10, 2019.
  10. ^ United Technologies and Raytheon Complete Merger of Equals Transaction. In: rtx.com. Retrieved April 4, 2020 .
  11. ↑ Louis R. Chênevert, Chairman & Chief Executive Officer ( Memento from July 29, 2010 in the Internet Archive )