Citizendia

United Technologies Corporation
TypePublic (NYSE: UTX)
Founded1929
HeadquartersHartford, Connecticut, USA
Key peopleLouis R. Chênevert, CEO George David, Chairman
IndustryConglomerates
ProductsConglomerates
Revenue▲ $54. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. Connecticut ( is a state located in the New England region of the northeastern United States of America. The United States of America —commonly referred to as the Louis R Chênevert is the Chief Executive Officer and President of United Technologies Corporation. George David is the Chairman and former Chief Executive Officer of United Technologies Corporation. For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" A conglomerate is a large Company that consists of seemingly unrelated Business sections In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need A conglomerate is a large Company that consists of seemingly unrelated Business sections In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services 759 billion USD (2007)
Net income▲ $4. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. 224 billion USD (2007)
Employees222,000
Websiteutc.com

United Technologies Corporation (UTC) (NYSE: UTX) is an American multinational conglomerate based in Hartford, Connecticut and is the 20th largest U. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Employment is a Contract between two parties, one being the employer and the other being the employee. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The New York Stock Exchange ( NYSE) is a Stock exchange based in New York City. The United States of America —commonly referred to as the Multinational corporation ( MNC) or transnational corporation ( TNC) is a Corporation or enterprise that manages Production or delivers A conglomerate is a large company that consists of diverse divisions Connecticut ( is a state located in the New England region of the northeastern United States of America. S. manufacturer. [1] It researches, develops, and manufactures high-technology products in numerous areas, including aircraft engines, helicopters, heating and cooling, fuel cells, elevators and escalators, fire and security, building systems, and industrial products, among others. An aircraft engine is a Propulsion system for an Aircraft. Aircraft engines are almost always a type of lightweight Internal combustion engine. History Since 400 AD Chinese children have played with bamboo flying toys. A fuel cell is an electrochemical conversion device It produces electricity from Fuel (on the Anode side and an oxidant (on the An elevator or lift is a Transport device used to move people or goods vertically from one floor to another An escalator is a Conveyor transport device for transporting people consisting of individual linked steps that move up or down on tracks which keep the treads Security is the condition of being protected against danger loss and criminals UTC is also a large military contractor, producing missile systems and military helicopters, most notably the UH-60 Black Hawk helicopter. WikipediaWikiProject Aircraft. Please see WikipediaWikiProject Aircraft/page content for recommended layout History Since 400 AD Chinese children have played with bamboo flying toys. [2] In 2005, it received over 5 billion dollars in military contracts. Louis R. Chênevert is the current CEO. Louis R Chênevert is the Chief Executive Officer and President of United Technologies Corporation. [3]

Contents

History

The core group of United Technologies companies was founded in 1929 as United Aircraft and Transport Corporation, by the merger of Chance Vought, Hamilton Standard, Pratt & Whitney, and Sikorsky Aircraft. The United Aircraft and Transport Corporation was formed in 1929, when William E Vought is the name of several related Aerospace firms These have included in the past Lewis and Vought Corporation, Chance Vought, Vought Sikorsky Hamilton Standard, a famous Aircraft Propeller parts supplier was formed in 1929 when United Aircraft & Transport Corporation consolidated Hamilton Aero Manufacturing Pratt & Whitney is an American Aircraft engine manufacturer of products widely used in both civil and military aircraft. Sikorsky Aircraft Corporation is an American Aircraft manufacturer As a result of the Air Mail Act in 1934, United Aircraft and Transport broke up into three independent companies: Boeing, United Aircraft, and United Airlines. The Air Mail Scandal, also known as the Air Mail Fiasco, is the name that the American press of the 1930s gave to the political scandal resulting from a congressional United Air Lines Inc, trading as United Airlines ( is a major airline of the United States. Vought was spun off as an independent business in 1954, but otherwise, United Aircraft maintained its original corporate structure and concentration in the aerospace and defense industries well into the 1970s.

United Aircraft changed its name to United Technologies in 1975, and the next year acquired Otis Elevator. The Otis Elevator Company is the world's largest manufacturer of vertical transportation systems today principally Elevators and Escalators Founded in Yonkers In 1979, Carrier Refrigeration and Mostek were acquired; Mostek was sold in 1985 to the French electronics company Thomson. The Carrier Corporation is the world’s largest manufacturer and distributor of heating ventilating and air conditioning ( HVAC) systems and a global leader in the commercial Mostek Podlaskie Voivodeship Mostek was an Integrated circuit manufacturer founded in 1969 by ex-employees of Texas Instruments. Thomson SA (,) formerly known as Thomson Multimedia is an international provider of solutions for the creation management delivery and access of video for the United Technologies acquired Sundstrand Corporation in 1999, and merged it into UTC's Hamilton Standard unit to form Hamilton Sundstrand. Sundstrand Corporation was founded in 1926 as a merger of the Rockford Tool Company and Rockford Milling Machine Company in Rockford Illinois. Hamilton Sundstrand, is a global corporation that manufactuers and supports Aerospace and industrial products for worldwide markets Two years later, UTC entered the fire and security business by purchasing Chubb Security, which was followed in 2005 by Kidde. Chubb Security is a firm in the United Kingdom which specialises in Fire protection and physical and technological security products and services Kidde (pronounced "kidda" is a corporation that manufactures and distributes fire detection and extinguishing equipment Also in 2005, United Technologies acquired Boeing's Rocketdyne division, which was merged into the Pratt & Whitney business unit. Pratt & Whitney Rocketdyne is a United States company that designs and produces Rocket engines that use liquid propellants.

In 2004, UTC acquired the Schweizer Aircraft Corporation which will operate as a wholly-owned subsidiary[4] under their Sikorsky Aircraft division. The Schweizer Aircraft Corporation, located in Horseheads New York, was incorporated in 1939 by three Schweizer brothers, who built their In 2007, UTC opened the Hawk Works[5], a Rapid Prototyping and Military Derivatives Completion Center (RPMDCC) located west of the Elmira-Corning Regional Airport in Big Flats, NY. Elmira-Corning Regional Airport is a medium-sized regional Airport located in the town of Big Flats, six miles (10 km) northwest of the city Big Flats is a community (and Census-designated place (CDP in Chemung County, New York, United States.

In March 2008 UTC announced it had made a $2. 63 billion bid to acquire Diebold, a Canton, Ohio based manufacturer of banking and voting machines. Diebold Inc ( (ˈdiːboʊld is a United States -based security systems Corporation that is engaged primarily in the sale manufacture installation and service Canton is a city in the US state of Ohio and the County seat of Stark County. [6]

Political contributions

During the 2004 election cycle, UTC was the sixth largest defense industry donor to political campaigns, contributing a total of $789,561. 64% of UTC's 2004 contributions went to Republicans. UTC was also the sixth largest donor in to federal candidates and political parties in the 2006 election cycle. 35% of those contributions went to Democrats; 53% of the funds were contributed to Republicans. [7] Several prominent politicians have served on the board of directors for UTC, including: former Sen. Howard H. Baker, Jr. Howard Henry Baker Sr, born January 12, 1902, was a United States Representative from Tennessee from 1951 until his death on January 7 (R-TN), Antonia H. Chayes, former Undersecretary of the Air Force, Charles Duncan, Jr., former Secretary of Energy, Jamie S. Charles William Duncan Jr (born September 9, 1926) is an American entrepreneur administrator and statesman best known for serving as U The United States Secretary of Energy is the head of the United States Department of Energy, a member of the President's Cabinet, and fifteenth in the Gorelick, former Deputy United States Attorney General, William J. Perry, former Secretary of Defense, and Christine Todd Whitman, former Administrator of the Environmental Protection Agency. William James Perry (born October 11, 1927) is an American businessman and engineer who was the United States Secretary of Defense from The United States Secretary of Defense ( SECDEF) is the head of the U Christine Todd "Christie" Whitman (born September 26, 1946) is an American Republican Politician and Author who The Administrator of the Environmental Protection Agency is the head of the United States federal government's Environmental Protection Agency, and is thus responsible [8]

In 2005, United Technologies was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President George W. Bush. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. George Walker Bush ( born July 6 1946 is the forty-third and current President of the United States. [9] [10] [11]

Environmental record

Researchers at the University of Massachusetts Amherst have identified UTC as the 43rd-largest corporate producer of air pollution in the United States, with roughly 430,000 pounds of toxic chemicals released annually into the air. The University of Massachusetts Amherst (otherwise known as UMass Amherst, Massachusetts, or UMass) is a research and Land-grant university in Air pollution is the human introduction into the atmosphere of Chemicals Particulate matter, or Biological materials that cause harm or discomfort [12] Major pollutants indicated by the study include manganese, chromium, nickel, and related compounds. Manganese (ˈmæŋgəniːz is a Chemical element, designated by the symbol Mn. Chromium (ˈkroʊmiəm is a Chemical element which has the symbol Cr and Atomic number 24 Nickel (ˈnɪkəl is a metallic Chemical element with the symbol Ni and Atomic number 28 [13] The Environmental Protection Agency has named UTC as a potentially responsible party for at least 23 Superfund toxic waste sites. Superfund is the common name for the United States environmental policy officially known as the Comprehensive Environmental Response Compensation and Liability Act [14]

UTC has made a major commitment to environmental health and safety for over 15 years. They are currently embarked on a four-year program to reduce greenhouse gas emissions by 12 percent, water consumption by 10 percent and non-recyclable waste by 30 percent globally. UTC was a founding member of the Pew Center on Global Climate Change Business Environmental Leadership Council (BELC) and has been an EPA Climate Leader since 2003. In 2006, they joined the Chicago Climate Exchange as a Phase 1 and Phase 2 member. [15]

Business units

United Technologies' headquarters operations are located in the United Technologies Building in Hartford, Connecticut. The United Technologies Building is known locally as the "Gold Building" due to its gold-tinted glass-mirror exterior.

Former businesses

Like many conglomerates, UTC has dabbled in many areas. Some of these companies included:

References

  1. ^ United Technologies Corporation - Facts and Figures
  2. ^ CorpWatch : United Technologies
  3. ^ United Technologies elects Chenevert CEO. Lear Corporation ( headquartered in Southfield, Michigan, USA is a Fortune 500 company engaged in the business of manufacturing and distribution Vought is the name of several related Aerospace firms These have included in the past Lewis and Vought Corporation, Chance Vought, Vought Sikorsky Year 1928 ( MCMXXVIII) was a Leap year starting on Sunday (link will display full calendar of the Gregorian calendar. Year 1954 ( MCMLIV) was a Common year starting on Friday (link will display full 1954 Gregorian calendar) Reuters (9 April 2008). Events 193 - Septimius Severus is proclaimed Roman Emperor by the army in Illyricum (in the Balkans) 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Retrieved on 2008-04-09. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 193 - Septimius Severus is proclaimed Roman Emperor by the army in Illyricum (in the Balkans)
  4. ^ Schweizer acquisition press release
  5. ^ Hawk Works opening article from Global Security web site
  6. ^ UTC's bid for Diebold
  7. ^ Top Contributors to Federal Candidates and Parties: Defense
  8. ^ pogo.org The Politics of Contracting - United Technologies 2004 Project On Government Oversight
  9. ^ Drinkard, Jim. "Donors get good seats, great access this week", USA Today, 2005-01-17. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 38 BC - Octavian marries Livia Drusilla. 1287 - King Alfonso III of Aragon invades Minorca Retrieved on 2008-05-25. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1085 - Alfonso VI of Castile takes Toledo Spain back from the Moors.  
  10. ^ "Financing the inauguration", USA Today. Retrieved on 2008-05-25. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1085 - Alfonso VI of Castile takes Toledo Spain back from the Moors.  
  11. ^ "Some question inaugural's multi-million price tag", USA Today, 2005-01-14. Year 2005 ( MMV) was a Common year starting on Saturday (link displays full calendar of the Gregorian calendar. Events 1129 - Formal approval of the Order of the Templar at the Council of Troyes. Retrieved on 2008-05-25. 2008 ( MMVIII) is the current year in accordance with the Gregorian calendar, a Leap year that started on Tuesday of the Common Events 1085 - Alfonso VI of Castile takes Toledo Spain back from the Moors.  
  12. ^ Political Economy Research Institute Toxic 100 (Study released May 11, 2006) retrieved 15 Aug 2007
  13. ^ [1] Toxics Release Inventory courtesy rtknet. org
  14. ^ [http://www.publicintegrity.org/Superfund/SiteResults.aspx?act=united%20technologies EPA database courtesy Center for Public Integrity]
  15. ^ UTC - Community involvement, grants, financial support and support of the arts - hvac, fuel cells, helicopters, security systems, elevators

External links

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