United Technologies
| UTC logo | |
| Company type | Public (NYSE: UTX) |
|---|---|
| Industry | Conglomerates |
| Founded | 1929 |
| Defunct | 3 April 2020  |
| Headquarters | Hartford, Connecticut, USA |
Key people | George David, CEO & Chairman |
| Products | Conglomerates |
| Revenue |  $47.829 billion USD (2006) |
| $3.732 billion USD (2006) | |
Number of employees | 210,000 |
| Website | www.utc.com |
United Technologies Corporation (UTC) (NYSE: UTX) is a multinational corporation based in Hartford, Connecticut, USA, and is the 20th largest U.S. manufacturer.[1] UTC is a $37 billion company that researches, develops, and manufactures 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. George David is the current CEO.
Business units
- Carrier
World leader in the manufacture and sale of heating, ventilating, refrigerating, air conditioning, and HVAC systems and products. - Hamilton Sundstrand
Designs and manufactures aerospace systems for commercial, regional, corporate and military aircraft. Major supplier for international space programs. Provides industrial products in industries ranging from hydrocarbon, chemical and food processing to construction and mining. - Otis
World's largest manufacturer, installer, and servicer of elevators, escalators, moving walkways and other horizontal transportation systems. - Pratt & Whitney
Designs, manufactures, and supports aircraft engines, gas turbines, and space propulsion systems. - Pratt & Whitney Canada
Designs, manufactures, and supports smaller aircraft engines. - Sikorsky Aircraft Corporation
World leader in the design and manufacture of advanced helicopters for commercial, industrial, and military uses. - UTC Fire & Security
Provides fire products and services including fire detection, suppression and fire fighting products, integration, installation, and service of fire detection and fixed suppression systems, as well as the manufacture and service of portable fire extinguishers. Provides security products and services including integration, installation, monitoring and service of intruder alarms, access control and video surveillance systems, alarm response and security personnel services, cash logistics, and physical security. - UTC Power and UTC Fuel Cells
Manufacturer of clean distributed power generation systems and fuel cells for commercial, space, and transportation applications. - UTRC (United Technologies Research Center)
Centralized research facility that supports all UTC business units in developing new technologies and processes. Its engineers and scientists lead the world in technologies ranging from fluid dynamics to advanced materials to electronics to computer science.
Corporate Operations are carried out of the United Technologies Building (commonly referred to as the "Gold Building" due to its gold colored glass-mirror exterior) in Hartford, CT.
Between 1986 and 1998, United Technologies was the sponsor for Disney's Epcot Center pavilion, The Living Seas.
History
A limited historical timeline of UTC is presented below:
- 1854 - Elisha Graves Otis demonstrates his elevator's safety mechanism at the New York World's Fair
- 1857 - The world's first passenger elevator is installed by Otis in a New York City retail store
- 1862 - Otis sells an elevator to Newfoundland, its first international sale
- 1900 - Otis introduces the escalator at the Paris Exposition
- 1906 - Modern air conditioning is invented by Willis Carrier
- 1910 - Otis introduces the gearless traction electric elevator
- 1915 - Carrier Engineering is founded
- 1919 - Standard Steel Propeller is founded (one of two predecessors of Hamilton Standard, along with Hamilton Aero Manufacturing)
- 1920 - Hamilton Aero Manufacturing is founded (one of two predecessors of Hamilton Standard, along with Standard Steel Propeller)
- 1922 - Carrier installs its first air conditioning unit at a Los Angeles theater
- 1923 - Sikorsky Aero Engineering is founded by Igor Sikorsky
- 1924 - Otis introduces the first automated elevator control system, with hall call buttons
- 1925 - Pratt & Whitney Aircraft is incorporated; its first products are the Wasp and Hornet aircraft engines
- 1928 - Carrier installs air conditioning in the chambers of the U.S. House of Representatives and the Senate
- 1929 - Boeing, Pratt & Whitney, Hamilton, Sikorsky, and others join to form United Aircraft and Transport Corporation
- 1929 - The Research Center is founded
- 1931 - Otis introduces the first double-deck elevators
- 1934 - United Aircraft and Transport is dissolved into United Aircraft, Boeing Airplane Company, and United Air Lines
- 1938 - Hamilton Standard introduces the Hydromatic propeller
- 1939 - Sikorsky tests the first commercial helicopter, the VS-300
- 1944 - Carrier opens a frozen foods research store
- 1942 - World War II production over a 3-year period: Sikorsky supplies 150 helicopters, Pratt & Whitney supplies 300,000 aircraft engines, and Hamilton Standard supplies 500,000 propellers
- 1948 - Pratt & Whitney produces its first jet engines
- 1949 - Hamilton Standard begins developing fuel controls for aircraft
- 1950 - Otis installs the first automatic elevators not requiring operators
- 1950 - Carrier begins selling window air conditioning units affordable for average consumers
- 1952 - Hamilton Standard plant opens in Windsor Locks, CT
- 1952 - Pratt & Whitney begins manufacturing piston engines in Canada
- 1952 - Carrier introduces the first mass-produced home central air conditioning unit
- 1957 - Sikorsky tests its first turbine-powered helicopter
- 1958 - The Boeing 707 with Pratt & Whitney JT3 engines introduces regular commercial passenger jet service
- 1958 - United Aircraft enters the field of solid rocketry and advanced propulsion systems
- 1963 - The Pratt & Whitney JT8D enters service on the Boeing 727; it becomes the most popular commercial jet engine in history with more than 14,000 to date
- 1964 - The Pratt & Whitney Canada PT6 turboprop enters service and eventually becomes the most popular turboprop in history
- 1966 - Hamilton Standard introduces the first electronically-controlled cabin pressure regulating system
- 1969 - Apollo 11 lands astronauts on the moon, with Hamilton Standard space suits and Pratt & Whitney fuel cells; a Sikorsky helicopter picks up the returning astronauts after splash-down
- 1970 - The Boeing 747 with Pratt & Whitney JT9D engines, enters service as the first commercial jumbo jet
- 1971 - The Research Center constructs the first high-speed wind tunnel for aerodynamic noise research in the world
- 1975 - United Aircraft changes its name to United Technologies Corporation (UTC)
- 1976 - UTC acquires Otis
- 1978 - Sikorsky begins producing the Black Hawk helicopter
- 1979 - UTC acquires Carrier
- 1979 - Otis introduces the first completely microprocessor-based elevator control system
- 1981 - Space Shuttle Columbia is launched with fuel cells by UTC Fuel Cells for electrical power, booster separation motors by UTC's Chemical Systems Division in San Jose, California, and Hamilton Standard space suits and environmental control systems
- 1989 - Otis introduces the first linear-motor-powered elevator
- 1993 - Hamilton Standard's space suit life support systems are used problem-free during the Hubble Space Telescope space walk repairs
- 1995 - The first Boeing 777 with Pratt & Whitney engines enters service
- 1999 - UTC acquires Sundstrand Corp and combines it with Hamilton Standard to form Hamilton Sundstrand
- 2001 - UTC forms UTC Power to focus on the distributed power generation market
- 2003 - UTC acquires Chubb plc, a world leader in security and fire protection services.
- 2005 - Rocketdyne is acquired from Boeing and added to Pratt & Whitney's space propulsion business.
- 2006 - For the historical timeline from 2006 to the present, navigate to this link
Former businesses
Like many conglomerates, UTC has dabbled in many areas. Some of these companies included:
- Hamilton Test Systems, an Arizona-based developer of vehicle emission test equipment, which was sold to Georgetown Partners in December 1990, who renamed it Envirotest. It is now part of the ESP Remote Sensing company.
- Inmont paint and resins, which was later sold to BASF
- Mostek semiconductor - from 1980 to 1981
- Norden Systems - now Northrop Grumman Norden Systems, a corporation that manufactures electronics systems for military use.
- UT Automotive - Now, a division of Lear Corporation