Profile: United Technologies Corp (UTX)
23 Sep 2016
United Technologies Corporation, incorporated on July 21, 1934, is engaged in providing high technology products and services to the building systems and aerospace industries around the world. The Company operates through four segments: Otis; UTC Climate, Controls & Security; Pratt & Whitney, and UTC Aerospace Systems. The Company's UTC Building & Industrial Systems unit, comprising the operations of Otis and UTC Climate, Controls & Security, is the provider of building technologies. The unit offers elevator, escalator heating, ventilating, air-condition and refrigeration systems and services for buildings. Pratt & Whitney and UTC Aerospace Systems serve commercial and government customers in both the original equipment and aftermarket parts and services markets of the aerospace industry. Pratt & Whitney also provides products to certain industrial markets.
Under Otis segment, the Company operates as an elevator and escalator manufacturing, installation and service company. Otis designs, manufactures and installs a range of passenger and freight elevators for low-, medium- and high-speed applications, as well as a line of escalators and moving walkways. In addition to new equipment, Otis provides modernization products to upgrade elevators and escalators, as well as maintenance and repair services for both its products and those of other manufacturers. Otis serves customers in the commercial and residential property industries around the world.
UTC Climate, Controls & Security
UTC Climate, Controls & Security is a provider of heating, ventilating, air conditioning (HVAC) and refrigeration solutions, including controls for residential, commercial, industrial and transportation applications. These products and services are sold under the Carrier name and other brand names to building contractors and owners, homeowners, transportation companies, retail stores and food service companies. UTC Climate, Controls & Security is also a global provider of security and fire safety products and services. UTC Climate, Controls & Security provides electronic security products, such as intruder alarms, access control systems and video surveillance systems, and designs and manufactures a range of fire safety products, including specialty hazard detection and fixed suppression products, portable fire extinguishers, fire detection and life safety systems, and other firefighting equipment. Services provided to the electronic security and fire safety industries include systems integration, video surveillance, installation, maintenance and inspection services. In certain markets, UTC Climate, Controls & Security also provides monitoring and response services, along with its electronic security and fire safety businesses. UTC Climate, Controls & Security also distributes Carrier, Bryant, Payne and Totaline residential and light commercial HVAC products in the United States and selected territories in the Caribbean and Latin America.
The UTC Climate, Controls & Security segment directly markets to end customers and through manufacturers' representatives, distributors, wholesalers, dealers and retail outlets. UTC Climate, Controls & Security offers its customers incentives to purchase products. UTC Climate, Controls & Security products and services are used by governments, financial institutions, architects, building owners and developers, security and fire consultants, homeowners and other end users. UTC Climate, Controls & Security provides its security and fire safety products and services under Chubb, Kidde and other brand names and directly markets to customers, as well as through manufacturer representatives, distributors, dealers and United States retail distribution.
Pratt & Whitney
The Company's Pratt & Whitney segment supplies aircraft engines for the commercial, military, business jet and general aviation markets. The Pratt & Whitney segment provides maintenance, repair and overhaul services, including the sale of spare parts, auxiliary power units and industrial gas generators. The Pratt & Whitney segment produces families of engines for wide- and narrow-body and large regional aircraft in the commercial market and for fighter and transport aircraft in the military market. Pratt & Whitney Canada (P&WC) is engaged in the production of engines powering general and business aviation, as well as regional airline, utility and military, and airplanes and helicopters. In addition, Pratt & Whitney has interests in other engine programs, including an interest in the Engine Alliance (EA), which markets and manufactures the GP7000 engine for the Airbus A380 aircraft.
Pratt & Whitney is engaged in developing, producing and sustaining the F135 engine, a derivative of Pratt & Whitney's F119 engine, to power the single-engine F-35 Lightning II aircraft. Pratt & Whitney is also engaged in developing technology, including the PurePower PW1000G Geared TurboFan engine. The PurePower PW1000G engine targets a reduction in fuel burn and noise levels with lower environmental emissions and operating costs. The Company is also developing PW1100G-JM. Pratt & Whitney's products are marketed to aircraft manufacturers, airlines and other aircraft operators, aircraft leasing companies, and the United States and foreign governments.
UTC Aerospace Systems
The Company's UTC Aerospace Systems segment is a provider of aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military, space and undersea operations. UTC Aerospace Systems' product portfolio includes electric power generation, power management and distribution systems; air data and flight sensing and management systems; engine control systems; electric systems; intelligence, surveillance and reconnaissance systems; engine components; environmental control systems; fire and ice-detection and -protection systems; propeller systems; aircraft aero structures, including engine nacelles; thrust reversers and mounting pylons; interior and exterior aircraft lighting; aircraft seating and cargo systems; actuation systems; landing systems, including landing gears, wheels and brakes, and space products and subsystems. Aftermarket services include spare parts, overhaul and repair, engineering and technical support, and fleet management solutions. UTC Aerospace Systems markets aerospace products to aircraft manufacturers, airlines and other aircraft operators, the United States and foreign Governments, maintenance, repair and overhaul providers, and independent distributors. UTC Aerospace Systems is also the operations support prime contractor for National Aeronautics and Space Administration's (NASA's) space suit/life support system and produces environmental monitoring and control, life support, mechanical systems, power generation, power management and distribution, and thermal control systems for the International Space Station and the Orion crew exploration vehicle.
The Company competes with GE Aviation, Rolls-Royce, Honeywell, Turbomeca and CFM International.
United Technologies Corp
10 Farm Springs Rd
FARMINGTON CT 06032-2577
Company Web Links
- United Tech CEO lowers forecast for Pratt & Whitney engine deliveries
- BRIEF-United Technologies: Neil Mitchill named chief financial officer of Pratt & Whitney.
- BRIEF-United Technologies board elects Gregory Hayes chairman
- Airbus deliveries regain momentum after record August
- BRIEF-United Technologies affirms its previously disclosed forecast