{{Short description| Defunct American multinational conglomerate (1934-2020)}} {{about|the defunct company prior to its merger with [[Raytheon Company]]|the post-merger company|RTX Corporation}} {{Use American English|date=February 2016}} {{Use mdy dates|date=January 2013}} {{Infobox company | name = United Technologies Corporation | logo = United technologies logo.svg{{!}}class=skin-invert | logo_size = | type = [[Public company|Public]] | traded_as = {{NYSE was|UTX}} | foundation = {{Start date|1934|9|26}} (as United Aircraft Corporation)<br/>{{Start date|1975|5|1}} (as United Technologies Corporation) | defunct = {{End date|2020|04|03}} | fate = Merged with [[Raytheon]] to form [[RTX Corporation|RTX]]; [[Otis Worldwide|Otis]] and [[Carrier Global|Carrier]] [[Corporate spin-off|spun off]]. | predecessor = [[United Aircraft]] | successors = {{ubl|[[RTX Corporation]]|[[Otis Worldwide]]|[[Carrier Global]]}} | location = | location_city = [[Farmington, Connecticut]] | location_country = United States<ref name=Farmington>{{cite web |url=http://www.utc.com/Pages/Locations.aspx |title=Locations |website=utc.com |access-date=February 1, 2016 |archive-url=https://web.archive.org/web/20160205021343/http://www.utc.com/Pages/Locations.aspx |archive-date=February 5, 2016 |url-status=dead }}</ref> | area_served = Worldwide | founder = [[Frederick Rentschler]] (for the United Aircraft line) | key_people = {{unbulleted list |[[Gregory J. Hayes]] |([[President (corporate title)|president]], [[chairman]] and [[Chief executive officer|CEO]])<ref name="nordqvist 2014" /><ref>{{cite web |url=https://money.cnn.com/news/newsfeeds/articles/prnewswire/NE74542.htm |title=UTC Names Gregory J. Hayes As President And Chief Executive Officer |access-date=2014-11-24 |date=24 November 2014 |work=CNN|archive-url=https://web.archive.org/web/20141129112358/http://money.cnn.com/news/newsfeeds/articles/prnewswire/NE74542.htm |archive-date=November 29, 2014 |url-status=dead |df=mdy-all }}</ref>}} | industry = [[Conglomerate (company)|Conglomerate]] | products = | revenue = US$71.31 Billion (2019) | homepage = }}
'''United Technologies Corporation''' ('''UTC''') was an American [[multinational corporation|multinational]] [[list of conglomerates|conglomerate]] headquartered in [[Farmington, Connecticut]].<ref name="Farmington" /> It researched, developed, and manufactured products in numerous areas, including [[aircraft engines]], aerospace systems, [[HVAC]], [[elevator]]s and [[escalators]], fire and [[security]], building automation, and industrial products, among others. UTC was also a large military contractor, getting about 10% of its revenue from the U.S. government.<ref>{{cite news |last=Ehrenfreund |first=Max |date=5 December 2016 |title=CEO: United Tech. considered federal contracts in decision to keep Indiana jobs in deal with Trump |url=https://www.washingtonpost.com/news/wonk/wp/2016/12/05/ceo-united-tech-considered-federal-contracts-in-decision-to-keep-indiana-jobs-in-deal-with-trump |newspaper=The Washington Post |access-date=2 January 2016 |quote=I also know that about 10 percent of our revenue comes from the U.S. government," [United Technologies chief executive Greg Hayes] said.}}</ref><ref>{{cite web|url=http://www.corpwatch.org/article.php?list=type&type=14|title=CorpWatch : United Technologies|access-date=July 3, 2015|archive-url=https://web.archive.org/web/20150704133159/http://www.corpwatch.org/article.php?list=type&type=14|archive-date=July 4, 2015|url-status=dead|df=mdy-all}}</ref> In April 2020, UTC merged with the [[Raytheon Company]] to form Raytheon Technologies, later renamed [[RTX Corporation]].<ref name="mergercomplete">{{cite press release |title=United Technologies and Raytheon Complete Merger of Equals Transaction |url=https://www.rtx.com/News/2020/04/03/United-Technologies-and-Raytheon-Complete-Merger-of-Equals-Transaction |access-date=3 April 2020 |work=www.rtx.com |publisher=Raytheon Technologies |date=3 April 2020 |language=en}}</ref>
==History==
===Pre-1970s=== {{main|United Aircraft}}
===1970s and 1980s=== In 1974, [[Harry Jack Gray]] left [[Litton Industries]] to become the CEO of United Aircraft.<ref name="Fernandez1983">{{Harvnb|Fernandez|1983}}.</ref> He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous [[high tech]] fields beyond aerospace.<ref name="Fernandez1983p246">{{Harvnb|Fernandez|1983|p=246}}.</ref> (The change became official on May 1, 1975.) The diversification was partially to balance civilian business against any overreliance on military business.<ref name="Fernandez1983"/> UTC became a [[mergers and acquisitions]] (M&A)–focused organization, with various forced takeovers of unwilling smaller corporations.<ref name="Fernandez1983"/> The next year (1976), UTC forcibly acquired [[Otis Worldwide|Otis Elevator]].<ref name="Fernandez1983pp246-251">{{Harvnb|Fernandez|1983|pp=246–251}}.</ref> In 1979, [[Carrier Corporation|Carrier Refrigeration]] and [[Mostek]] were acquired;<ref name="Fernandez1983pp260-264">{{Harvnb|Fernandez|1983|pp=260–264}}.</ref> the Carrier deal was forcible, while the Mostek deal was a [[white knight (business)|white knight]] move against hostile takeover designs by [[Gould Electronics|Gould]].
At one point, the military portion of UTC's business, whose sensitivity to "excess profits" and boom/bust demand drove UTC to diversify away from it, actually carried the weight of losses incurred by the commercial M&A side of the business.<ref name="Fernandez1983"/> Although M&A activity was not new to United Aircraft, the M&A activity of the 1970s and 1980s was higher-stakes and arguably unfocused. Rather than aviation being the central theme of UTC businesses, [[high tech]] (of any type) was the new theme. Some Wall Street watchers questioned the true value of M&A at almost any price, seemingly for its own sake.<ref name="Fernandez1983"/>
Mostek was sold in 1985 to the French electronics company [[Thomson SA|Thomson]].{{Citation needed|date=May 2020}}
In 2007, UTC opened the Hawk Works, a Rapid Prototyping and Military Derivatives Completion Center (RPMDCC) located west of the [[Elmira-Corning Regional Airport]] in [[Big Flats (CDP), New York|Big Flats, New York]].<ref>{{cite web|url=http://www.globalsecurity.org/military/library/news/2007/10/mil-071008-sikorsky01.htm|title=Sikorsky opens HAWK WORKS™ completion center for military helicopters|author=John Pike|publisher=[[GlobalSecurity.org]]|access-date=July 3, 2015}}</ref>
In March 2008, UTC made a $2.63 billion bid to acquire [[Diebold]], a [[Canton, Ohio]] based manufacturer of banking and voting machines. Diebold rejected the buyout bid as inadequate.<ref>{{cite web|url=https://www.nbcnews.com/id/wbna23438974 |title=Diebold rejects $2.63 billion buyout bid |publisher=[[NBC News]] |date=2008-03-03 |access-date=2012-02-16}}</ref>
In April 2010, UTC announced that it was investing €15 million ($20 million) to set up the United Technologies Research Centre Ireland at [[University College Cork]]’s Tyndall National Institute which would carry out research on energy and security systems.<ref>{{cite web | url=https://www.irishexaminer.com/ireland/education/us-firm-to-create-almost-100-jobs-with-clean-energy-research-centre-118262.html | title=US firm to create almost 100 jobs with 'clean energy research' centre | work=[[Irish Examiner]] | date=April 27, 2010 | access-date=July 2, 2019 | author=Fiachra O Cionnaith}}</ref>
In June 2012, it was discovered that UTC sold military technology to the Chinese.<ref>{{cite news |url=https://www.reuters.com/article/us-usa-china-helicopters-idUSBRE85R1AG20120628 |title=United Technologies sent military copter tech to China |date=June 28, 2012 | work=Reuters}}</ref> For pleading guilty to violating the [[Arms Export Control Act]] and making false statements, United Technologies and its subsidiaries were fined $75 million.<ref>{{cite news |title=United Technologies sold China software for attack copter|first=Michael|last=Winter|work=[[USA Today]]|date=June 28, 2012|url=http://content.usatoday.com/communities/ondeadline/post/2012/06/big-us-contractor-sold-china-software-for-attack-copter-/1#.T-0WFGt5mSM}}</ref> In February 2013, [[UTC Power]] was sold to [[ClearEdge Power]].<ref>{{cite news|last=Nirappil|first=Fenit|title=ClearEdge Power finalizes acquisition of UTC Power|url=http://www.oregonlive.com/hillsboro/index.ssf/2013/02/clearedge_power_finalizes_acqu.html#incart_more_business|access-date=24 February 2013|newspaper=[[The Oregonian]]|date=February 12, 2013}}</ref>
In October 2014, [[Toshiba]] and United Technologies made a deal to expand their joint venture outside [[Japan]].<ref>{{cite press release | publisher=[[Reuters]]| date=16 October 2014| title=Toshiba and United Technologies ink deal to expand outside Japan | url=https://www.reuters.com/article/us-toshiba-deal-idUSKCN0I52VH20141016}}</ref> In February 2016, UTC subsidiary [[Carrier Corporation|Carrier Air Conditioner]] announced to employees at its Indianapolis and Huntington plants, that Carrier is moving manufacturing to Mexico: "The best way to stay competitive and protect the business for long-term is to move production from our facility in Indianapolis to Monterrey, Mexico. "<ref name="Wall Street Journal: Viral Video Over Plant Closure Gets Attention in GOP Debate">{{cite news|last1=Mann|first1=Ted|title=Viral Video Over Plant Closure Gets Attention in GOP Debate|url=https://blogs.wsj.com/washwire/2016/02/13/viral-video-over-plant-closure-gets-attention-in-gop-debate/|newspaper=[[The Wall Street Journal]]|access-date=3 March 2016|date=13 February 2016}}</ref> In December, Carrier agreed to keep the Indianapolis plant open, keeping 700 jobs in Indianapolis.<ref>{{Cite web|url=https://www.cnbc.com/2016/12/05/reuters-america-update-1-utc-ceo-says-no-quid-pro-quo-on-keeping-indiana-plant-open.html|title=UTC CEO says no 'quid pro quo' on keeping Indiana plant open|date=2016-12-05|website=CNBC|access-date=2016-12-15}}</ref> The plant in Huntington, Indiana would still close their doors, leaving 700 employees jobless.<ref>{{cite web |url=https://www.wane.com/news/utec-leaving-huntington-for-mexico-at-cost-of-700-jobs.html |title=UTEC Leaving Huntington for Mexico at Cost of 700 Jobs }}{{Dead link|date=August 2025 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>
In June 2019, United Technologies announced the intention to merge with defense contractor [[Raytheon]] to form Raytheon Technologies Corporation. The combined company, valued at more than $100 billion after planned spinoffs, would be the world's second-largest aerospace-and-defense company by sales behind Boeing.<ref name="Raytheon merger">{{Cite news|url=https://www.wsj.com/articles/united-technologies-strikes-deal-to-acquire-raytheon-11560112912|title=United Technologies Strikes Deal to Merge With Raytheon|last1=Lombardo|first1=Cara|date=2019-06-10|work=Wall Street Journal|access-date=2019-06-10|last2=Cameron|first2=Doug|language=en-US|issn=0099-9660}}</ref> Although UTC was the nominal survivor, the merged company was headquartered at legacy Raytheon's former base in [[Waltham, Massachusetts]].<ref>{{Cite web|url=https://www.courant.com/business/hc-biz-utc-raytheon-announcement-20190609-l4zbj234y5aypcery2ghfhqebu-story.html|title=United Technologies says it's merging with defense contractor Raytheon and moving headquarters to Boston area from Connecticut|last=Singer|first=Stephen|date=2019-06-09|website=[[Hartford Courant]]|access-date=2019-06-10}}</ref> The merger was completed in April 2020.<ref name="mergercomplete"/>
In March 2020, United Technologies Corporation announced the separations of [[Carrier Global]] and [[Otis Worldwide]].<ref>{{Cite news|url=https://www.streetinsider.com/PRNewswire/United+Technologies+Board+Of+Directors+Approves+Separation+Of+Carrier+And+Otis+And+Declares+Spin+Off+Distribution+Of+Carrier+And+Otis+Shares/16605150.html|title=United Technologies Board Of Directors Approves Separation Of Carrier And Otis And Declares Spin Off Distribution Of Carrier And Otis Shares|work=StreetInsider.com|access-date=2020-03-12}}</ref>
=== Executive history === In April 2008, [[Louis R. Chênevert|Louis Chênevert]] succeeded [[George David]] as the company's [[chief executive officer]] (CEO).<ref name=":0" /><ref name="nordqvist 2014" /> Chênevert served until 2014, when he was succeeded by [[Gregory J. Hayes|Gregory Hayes]].<ref name="nordqvist 2014">{{cite web|url=http://marketbusinessnews.com/louis-chenevert-stepping-ceo-united-technologies-replaced-gregory-j-hays/39254|title=Louis Chenevert stepping down as CEO of United Technologies, being replaced by Gregory J. Hays|last=Nordqvist|first=Joseph|date=24 November 2014|publisher=Market Business News|access-date=18 Jan 2020}}</ref>
The [[chief financial officer]]'s (CFO) position was held by Gregory Hayes until 2014, when he succeeded Louis Chênevert as CEO.<ref name="nordqvist 2014" /> The [[chairman of the board of directors]] (chairperson) position went to Louis Chênevert, then the company's CEO, in January 2010, succeeding George David.<ref name=":0" />
== Finances == For the fiscal year 2017, United Technologies reported earnings of US$4.552 billion, with an annual revenue of US$59.837 billion, an increase of 4.5% over the previous fiscal cycle. United Technologies shares traded at over $114 per share, and its market capitalization was valued at US$98.6 billion in October 2018.<ref>{{Cite web|url=https://www.macrotrends.net/stocks/charts/UTX/united-technologies/financial-statements|title=United Technologies Financial Statements 2005-2018 {{!}} UTX|website=www.macrotrends.net|access-date=2018-10-30|archive-date=October 30, 2018|archive-url=https://web.archive.org/web/20181030170355/https://www.macrotrends.net/stocks/charts/UTX/united-technologies/financial-statements|url-status=dead}}</ref> UTC ranked No. 51 in the 2018 [[Fortune 500]] list of the largest United States corporations by total revenue.<ref>{{Cite web|url=http://fortune.com/fortune500/list/|title=Fortune 500 Companies 2018: Who Made the List|website=[[Fortune (magazine)|Fortune]]|language=en-US|access-date=2018-11-10|archive-date=January 15, 2019|archive-url=https://web.archive.org/web/20190115060417/http://fortune.com/fortune500/list/|url-status=dead}}</ref> {| class="wikitable float-left" style="text-align: right;" !Year !Revenue<br />in mil. USD$ !Net income<br />in mil. USD$ !Total Assets<br />in mil. USD$ !Price per Share<br />in USD$ !Employees |- |2005 |42,725 |3,069 |45,925 |38.42 | |- |2006 |47,829 |3,732 |47,141 |46.56 | |- |2007 |55,716 |4,224 |54,575 |54.94 | |- |2008 |59,119 |4,689 |56,837 |49.91 | |- |2009 |52,425 | 3,829 |55,762 |44.36 | |- |2010 |52,275 | 4,373 |58,493 |58.86 | |- |2011 |55,754 |4,979 |61,452 |67.41 | |- |2012 |57,708 |5,130 |89,409 |67.87 | |- |2013 |56,600 |5,721 |90,594 |87.83 |212,000 |- |2014 |57,900 |6,220 |91,206 |101.42 |211,000 |- |2015 |56,098 | 7,608 |87,484 |99.09 |197,000 |- |2016 |57,244 |5,055 |89,706 |96.15 |205,000 |- |2017 |59,837 |4,552 |96,920 |114.01 |205,000 |}
==Business units== {{update section|UTC Climate, Controls & Security/Otis|date=June 2019}} [[File:UTCHeadquartersViewFromTheAncientBuryingGround.JPG|thumb|upright|Hartford's Gold Building served as UTC's headquarters from 1975 to 2015.<ref>{{cite news | date = 2015-09-04 | title = Without Fanfare, UTC Relocates World Headquarters to a Farmington Office Park | url = http://www.courant.com/business/hc-utc-headquarters-farmington-20150904-story.html | work = [[Hartford Courant]] | location = Hartford, Connecticut | access-date = 2017-08-15}}</ref>]] [[File:OtisElevatorCompanyHeadquarters.JPG|thumb|Otis Elevator's former headquarters served as UTC's headquarters from 2015 to 2020.]]
* [[Otis Elevator Company]]: Manufacturer, installer, and servicer of elevators, escalators, and moving walkways. * [[Pratt & Whitney]]: Designs and builds aircraft engines and gas turbines.<ref name=":0" /> **[[Pratt & Whitney Canada]] * [[Collins Aerospace]]: Designs and manufactures aerospace systems for commercial, regional, corporate and military aircraft; a major supplier for international space programs. Provides industrial products for the hydrocarbon, chemical, and food processing industries, construction and mining companies. Collins Aerospace was formed following UTC's acquisition of [[Rockwell Collins]] in 2018, by combining the newly acquired business with UTC Aerospace Systems, which itself was the result of a 2012 merger of [[Hamilton Sundstrand]] and [[the Goodrich Corporation]]. * [[UTC Building and Industrial Systems|UTC Climate, Controls & Security]]:<ref>{{Cite web|url=http://www.utc.com/News/News-Center/Pages/United-Technologies-Announces-Organization-and-Leadership-Changes-To-Commercial-B.aspx|title=United Technologies Announces Organization and Leadership Changes To Commercial Businesses|website=www.utc.com|access-date=2016-05-23|archive-url=https://web.archive.org/web/20180710041731/http://www.utc.com/News/News-Center/Pages/United-Technologies-Announces-Organization-and-Leadership-Changes-To-Commercial-B.aspx|archive-date=July 10, 2018|url-status=dead}}</ref> Makes fire detection and suppression systems, access control systems, and security alarm systems; provides security system integration and monitoring services. **[[Carrier Corporation|Carrier]]: A global manufacturer of heating, ventilation, [[air conditioning]], and [[refrigeration]] systems. *** NORESCO<ref>{{cite web|url=http://www.noresco.com/news.html|title=NORESCO|access-date=June 10, 2019}}</ref><ref>{{cite web|url=http://www.prnewswire.com/news-releases/carrier-acquires-noresco-to-expand-energy-solutions-capabilities-65503362.html|title=Carrier Acquires Noresco to Expand Energy Solutions Capabilities|author=Carrier Corporation|date=November 21, 2008|access-date=July 3, 2015}}</ref><ref>{{cite news| url=https://www.bloomberg.com/apps/news?pid=newsarchive&sid=aukibev1Zqt0 | work=Bloomberg | title=GFI Energy Ventures LLC Completes Sale of NORESCO to Carrier}}</ref> **[[Chubb Fire|Chubb]]:<ref>{{Cite web|url=https://www.thegazette.com/subject/news/business/united-technologies-chubb-fire-unit-cedar-rapids-collins-aerospace-rockwell-collins-utc-aerospace-20190110|title=United Technologies decides to halt sale of Chubb fire unit|website=The Gazette|access-date=2019-10-07}}</ref> a fire and security systems manufacturer. * United Technologies Research Center (UTRC): A centralized research facility that supports all UTC business units in developing new technologies and processes.<ref>{{cite web|url=http://www.utrc.utc.com/|title=Home - United Technologies Research Center|access-date=July 3, 2015}}</ref>
===Acquisitions=== *1999: [[Sundstrand Corporation]], merged into UTC's Hamilton Standard unit to form [[Hamilton Sundstrand]].{{Citation needed|date=May 2020}} *2003, [[Chubb Security]]. *2004, [[Schweizer Aircraft Corporation]] planned to be operated as a wholly owned subsidiary under their [[Sikorsky Aircraft]] division.<ref>[http://www.sacusa.com/Closing_Press_Release.PDF Schweizer acquisition press release] {{webarchive |url=https://web.archive.org/web/20080410040550/http://www.sacusa.com/Closing_Press_Release.PDF |date=April 10, 2008 }}</ref> *2005, [[Kidde]]. *2005, Boeing's [[Rocketdyne]] division, which was merged into the [[Pratt & Whitney]] business unit and renamed [[Pratt & Whitney Rocketdyne]] (later sold to [[Aerojet]]) and merged into [[Aerojet Rocketdyne]]. *2008, NORESCO, an energy service company, acquired by UTC's [[Carrier Corporation]] division.<ref>{{cite web|url=http://www.transicold.carrier.com/Carrier+Corporate+Sites/Corporate/Side+Bar+Links/Global+News/ci.Carrier+Acquires+Noresco+to+Expand+Energy+Solutions+Capabilities.printerfriendly |title=Carrier Acquires Noresco to Expand Energy Solutions Capabilities |publisher=Carrier Corporation |date=November 21, 2008|access-date=April 25, 2013 |url-status=dead |archive-url=https://web.archive.org/web/20131230232526/http://www.transicold.carrier.com/Carrier+Corporate+Sites/Corporate/Side+Bar+Links/Global+News/ci.Carrier+Acquires+Noresco+to+Expand+Energy+Solutions+Capabilities.printerfriendly |archive-date=December 30, 2013 }}</ref> *2009, a 49.5% stake in [[Clipper Windpower]] for $206 million.<ref>[https://money.cnn.com/news/newsfeeds/articles/djf500/200912100236DOWJONESDJONLINE000351_FORTUNE5.htm Clipper Windpower Gets GBP126.5 Million Investment From United Tech]{{dead link|date=May 2026|bot=medic}}{{cbignore|bot=medic}}</ref><ref>{{cite news|url=https://www.reuters.com/article/idUSTRE5B91ES20091210|title=Clipper says UTC to buy 49.5 percent stake|work=Reuters|date=December 10, 2009 |access-date=July 3, 2015}}</ref><ref>{{cite web|url=https://www.theguardian.com/business/2009/dec/10/clipper-windpower-united-technology-britannia-turbine|title=United Technologies Corporation flies to the rescue of Clipper Windpower|author=Terry Macalister|work=[[The Guardian]]|date=December 10, 2009 |access-date=July 3, 2015}}</ref><ref>[http://www.ibtimes.co.uk/articles/20091210/utc-aims-to-take-49of-clipper-windpower.htm UTC aims to take 49.5% of Clipper Windpower] {{webarchive |url=https://web.archive.org/web/20120305021756/http://www.ibtimes.co.uk/articles/20091210/utc-aims-to-take-49of-clipper-windpower.htm |date=March 5, 2012 }}</ref> In 2010, UTC agreed with Clipper to acquire the rest of the company.<ref name="utclip">[http://www.nawindpower.com/e107_plugins/content/content.php?content.6721 UTC to acquire remaining interest in Clipper Windpower] ''North American Windpower'', October 18, 2010. Retrieved: October 23, 2010.</ref> *2010 [[General Electric]]'s security equipment business for US$1.8 billion, to support [[UTC Climate, Controls & Security|UTC's Fire & Security unit]].<ref name=":0">{{Cite news|url=https://www.newspapers.com/clip/42557534/utc_boss_looks_to_make_his_mark_part_1/|title=UTC Boss Looks To Make His Mark|last=Gershon|first=Eric|date=January 1, 2010|work=Hartford Courant|publisher=The Hartford Courant Company|issue=1|location=Hartford, Connecticut|volume=CLXXIV|pages=A1, A8|via=Newspapers.com}} The main citation is for Page A1; Page A8 appears [https://www.newspapers.com/clip/42557593/utc_boss_looks_to_make_his_mark_part_2/ in this clipping].</ref> *2011, UTC acquired a $18.4 billion deal (including $1.9 billion in net debt assumed) for aircraft components maker [[Goodrich Corporation]].<ref>{{cite web |url=http://news.in.msn.com/business/article.aspx?cp-documentid=5459241 |title=United Technologies to acquire Goodrich in USD 18.4 bn deal |date=September 23, 2011 |access-date=September 25, 2011 |archive-url=https://web.archive.org/web/20120605171318/http://news.in.msn.com/business/article.aspx?cp-documentid=5459241 |archive-date=June 5, 2012 |url-status=dead }}</ref> *2012, United Technologies acquired [[Goodrich Corporation|Goodrich]] and merged it with [[Hamilton Sundstrand]]; the resulting organization is [[UTC Aerospace Systems]] *2015, UTC Building & Industrial Systems completed the acquisition of [[CIAT Group]], a leading [[HVAC]] manufacturing company in France.<ref>{{cite web|url=http://www.utc.com/News/Pages/BIS_CIAT.aspx|title=UTC Building & Industrial Systems Completes CIAT Acquisition|access-date=June 10, 2019|archive-url=https://web.archive.org/web/20150220192615/http://www.utc.com/News/Pages/BIS_CIAT.aspx|archive-date=February 20, 2015|url-status=dead}}</ref> In November, [[Lockheed Martin]] completed its $9.0 billion acquisition of [[Sikorsky Aircraft]].<ref>{{Cite web|title = Lockheed Martin Completes Acquisition of Sikorsky Aircraft · Lockheed Martin|url = http://lockheedmartin.com/us/news/press-releases/2015/november/151106-lockheed-martin-acquires-sikorsky.html|website = lockheedmartin.com|access-date = 2016-02-18}}</ref> *2017, UTC proposed to acquire [[Rockwell Collins]] in cash and stock for $23 billion, $30 billion including Rockwell Collins' net debt, for $500+ million of synergies expected by year four.<ref>{{cite press release |url= http://www.utc.com/News/News-Center/Pages/United-Technologies-To-Acquire-Rockwell-Collins-For-30-Billion.aspx |title= United Technologies To Acquire Rockwell Collins For $30 Billion |date= September 4, 2017 |publisher= United Technologies }}</ref> In 2018, the company announced the Rockwell Collins deal had closed, and that it will split into three independent companies.<ref>{{cite news|url=https://www.journalnow.com/business/utc-completes-b-deal-for-rockwell-collins-announces-three-way/article_821bce1f-7c88-5393-a3f4-6a9014517f01.html|title=UTC completes $30B deal for Rockwell Collins, announces three-way split of company|last=Craver|first=Richard|work=[[Winston-Salem Journal]]|date=2018-11-27}}</ref> [[Pratt and Whitney]] and the newly formed [[Collins Aerospace]] will remain under United Technologies, while [[Otis Worldwide|Otis Elevator]] and [[UTC Climate, Controls & Security]] (doing business as [[Carrier Corporation|Carrier]]) will be spun off as two independent companies.<ref>{{cite news|url=https://www.wsj.com/articles/united-technologies-to-separate-into-three-independent-companies-1543272920|title=United Tech to Break Itself Into Three Companies|first1=Dana|last1=Mattioli|first2=Thomas|last2=Gryta|newspaper=Wall Street Journal |date=November 26, 2018|access-date=June 10, 2019|via=www.wsj.com}}</ref>
===Former businesses=== * [[Clipper Windpower]]: A maker of [[wind turbine]]s, acquired in 2010, sold in 2012 to Platinum Equity LLC. * [[Hamilton Standard]]: became part of [[Hamilton Sundstrand]], then [[UTC Aerospace Systems]], now [[Collins Aerospace]] * Hamilton Test Systems: developer of vehicle emission test equipment, sold to Georgetown Partners in 1990 * Inmont: paint and resins, sold to [[BASF]] * [[Kidde]]: manufacturer of smoke alarms, carbon monoxide alarms and fire extinguishers. Now a subsidiary of UTC spin-off, [[Carrier Corporation|Carrier]] * [[Mostek]] semiconductor: from 1979 to 1985 * [[Norden Systems]]: manufacturer of electronics systems for military use, acquired in 1958, sold to Westinghouse in 1994<ref>{{cite web |title=Company History |url=http://www.nordenretireesclub.org/level2/comphist.htm |website=Norden Retirees Club |access-date=3 June 2021}}</ref> * [[Pratt & Whitney Rocketdyne]]: sold in June 2013 and now part of [[GenCorp]] * [[Sikorsky Aircraft]]: helicopters manufacturer;<ref name=":0" /> sold to [[Lockheed Martin]]<ref>{{Cite web|url=https://news.lockheedmartin.com/news-releases|title=Media - Lockheed Martin - Releases|website=Media - Lockheed Martin|language=en-us|access-date=2019-10-07}}</ref> **[[PZL Mielec]]<ref>{{Cite web|url=http://www.pzlmielec.pl/en/media/news/art,100,lockheed-martin-completes-acquisition-of-sikorsky-aircraft.html|title=PZL MIELEC|website=www.pzlmielec.pl|access-date=2019-10-07|archive-date=January 6, 2016|archive-url=https://web.archive.org/web/20160106083604/http://www.pzlmielec.pl/en/media/news/art,100,lockheed-martin-completes-acquisition-of-sikorsky-aircraft.html|url-status=dead}}</ref> * Turbo Power and Marine Systems, Inc: a manufacturer of simple-cycle electrical power generation units of 25 MW and 50 MW. Renamed Pratt & Whitney Power Systems in 2000,<ref>{{Cite web|url=https://www.courant.com/news/connecticut/hc-xpm-2000-12-17-0012170324-story.html|title=A THIRST FOR JUICE|author=<!--Staff writer(s); no by-line.-->|first=Susan E. |last=Kinsman|website=courant.com|date=December 17, 2000 |language=en-US|access-date=2019-10-07}}</ref> sold to [[Mitsubishi Heavy Industry]] in May 2013<ref>Dowling, Brian (2013-05-17) [https://www.courant.com/2013/05/17/tokyo-manufacturer-closes-on-purchase-of-pratt-land-turbine-business/ "Tokyo Manufacturer Closes On Purchase Of Pratt Land-Turbine Business"]. ''The Hartford Courant''. Retrieved 2013-08-20.</ref> and is now a MHI group company named PW Power Systems, Inc. * UT Automotive: now a division of [[Lear Corporation]] * UT Communications: manufacturer of telephone equipment, sold to [[Memorex]] in 1985 * [[UTC Power]]: a manufacturer of distributed power generation systems and fuel cells for commercial, transportation, and space and defense applications. Sold to [[ClearEdge Power]] in February 2013.
==Political contributions== During the [[United States elections, 2004|2004 election cycle]], UTC was the sixth largest defense industry donor to political campaigns, contributing a total of $789,561; 64% went to Republicans. In the [[United States elections, 2006|2006 election cycle]], UTC was again the sixth largest donor to federal candidates and political parties; 53% of the funds were contributed to Republicans, 35% percent to Democrats;<ref>{{cite web|url=http://www.opensecrets.org/industries/contrib.asp?Ind=D&Cycle=2004 |title=Agribusiness| publisher=[[OpenSecrets]]|archive-url=https://web.archive.org/web/20080425110247/http://www.opensecrets.org/industries/contrib.asp?Ind=D&Cycle=2004|archive-date=April 25, 2008|url-status=dead|df=mdy-all}}</ref>
In 2005, the firm was among 53 entities that contributed the maximum of $250,000 to the second inauguration of President [[George W. Bush]].<ref>{{cite news |first=Jim |last=Drinkard |title=Donors get good seats, great access this week |url=https://www.usatoday.com/news/washington/2005-01-16-inauguration-donors_x.htm |work=USA Today |date=2005-01-17 |access-date=2008-05-25 }}</ref><ref>{{cite news |title=Financing the inauguration |url=https://www.usatoday.com/news/washington/2005-01-16-inaugural-donors_x.htm |work=USA Today |date= 2005-01-16|access-date=2008-05-25 }}</ref>
==Philanthropy== In 1981, a contribution from UTC made possible the exhibition "Paris/Magnum: Photographs 1935–1981", featuring photographs of [[Paris, France|Paris]] taken by photographers of [[Magnum Photos]], the agency founded in 1947 by [[Robert Capa]], [[George Rodger]], [[Henri Cartier-Bresson]], [[William Vandivert]], and [[David Seymour (photographer)|David Seymour]]. A volume of the same title, with text by [[Irwin Shaw]] and an introduction by [[Inge Morath]], was also published in 1981.
UTC is the sponsor of the exhibition "Aphrodite and the Gods of Love" at [[Boston's Museum of Fine Arts]] that opened in fall 2011.<ref name="MFA">{{cite web|url=http://www.mfa.org/sites/default/files/MFA_Aphrodite%20press%20release_8.9.11_0.pdf |title=Press Release: Aphrodite and the Gods of Love at Museum of Fine Arts, Boston | publisher=Museum of Fine Arts, Boston |access-date=August 27, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110919164154/http://www.mfa.org/sites/default/files/MFA_Aphrodite%20press%20release_8.9.11_0.pdf| date=August 9, 2011 |archive-date=September 19, 2011 }}</ref>
The firm and its subsidiaries are major contributors to museums such as the [[New England Air Museum]].<ref>{{cite web | url=https://www.courant.com/community/hartford/hc-news-new-england-air-museum-relaunch-20170913-story.html | title=With $2 Million Renovation, the New England Air Museum Entices New Visitors | work=Hartford Courant | date=September 14, 2017 | access-date=June 29, 2019 | author=Schmidt, Christine }}</ref><ref name="New England Air Museum">{{cite web |url=http://www.neam.org/support-corporate-partnership.php |title=Corporate Partnership Program |publisher=New England Air Museum |access-date=June 29, 2019 |archive-date=June 28, 2019 |archive-url=https://web.archive.org/web/20190628164952/http://www.neam.org/support-corporate-partnership.php |url-status=dead }}</ref>
In April 2015, UTC signed an education partnership agreement with the [[China Friendship Foundation for Peace and Development]],<ref>{{Cite web|date=April 2, 2015|title=United Technologies and China Friendship Foundation for Peace and Development Announce Education Partnership|url=https://www.3blmedia.com/News/United-Technologies-and-China-Friendship-Foundation-Peace-and-Development-Announce-Education|access-date=2020-09-19|website=www.3blmedia.com|language=en}}</ref> a [[United front (China)|united front]] organization under the control of the [[Chinese People's Association for Friendship with Foreign Countries]].<ref>{{Cite book|last1=Cole|first1=J. Michael|url=https://books.google.com/books?id=fo-4zQEACAAJ|title=Insidious Power: How China Undermines Global Democracy|last2=Hsu|first2=Szu-Chien|date=2020-07-30|publisher=Eastbridge Books|isbn=978-1-78869-213-7|pages=54|language=en|access-date=2020-09-19|archive-url=https://web.archive.org/web/20200924150131/https://books.google.com/books?id=fo-4zQEACAAJ&newbks=0|archive-date=2020-09-24|url-status=live}}</ref><ref name=":4">{{Cite web|title=Partners|url=https://asiasociety.org/us-china-dialogue/partners|url-status=live|archive-url=https://web.archive.org/web/20170929010616/http://asiasociety.org/us-china-dialogue/partners|archive-date=2017-09-29|access-date=2020-09-19|website=[[Asia Society]]|language=en}}</ref>
==Environmental record== Researchers at the [[University of Massachusetts Amherst]] have identified UTC as the 38th-largest corporate producer of [[air pollution in the United States]] as of 2008. UTC released roughly {{convert|110,000|lb|kg}} of toxic chemicals annually into the atmosphere<ref>{{cite web|url=http://www.peri.umass.edu/toxic100_index/|title=Toxic 100 Index|publisher=[[Political Economy Research Institute]]|access-date=2008-11-26|url-status=dead|archive-url=https://web.archive.org/web/20100727211736/http://www.peri.umass.edu/toxic100_index/|archive-date=July 27, 2010|df=mdy-all}}</ref> including [[manganese]], [[nickel]], [[chromium]] and related compounds.<ref>{{cite web|url=http://data.rtknet.org/tox100/index.php?search=yes&database=t1&detail=1&datype=T&reptype=a&company2=4053&company1=&parent=&chemfac=chem&advbasic=bas|archive-url=https://web.archive.org/web/20081221134739/http://data.rtknet.org/tox100/index.php?search=yes&database=t1&detail=1&datype=T&reptype=a&company2=4053&company1=&parent=&chemfac=chem&advbasic=bas|url-status=dead|archive-date=2008-12-21|title=United Technologies|publisher= [[OMB Watch]] / [[Political Economy Research Institute]] |work=The Right-to-Know Network |access-date=2008-11-26}}</ref><ref>{{Cite news|url=http://www.mnn.com/money/sustainable-business-practices/stories/united-technologies-and-the-environment|title=United Technologies and the Environment|work=MNN - [[Mother Nature Network]]|access-date=2017-04-17|language=en}}</ref>
In the 2016 [[University of Massachusetts Amherst]] Toxic 100 Air Polluters Index, UTC was ranked 9th by a toxicity population exposure score. It was also reported they release {{convert|60,000|lb|kg|sigfig=3}} of toxins into the air.<ref>{{Cite news|url=https://www.peri.umass.edu/toxic-100-air-polluters-index-2016-report-based-on-2014-data|title=Toxic 100 Air Polluters Index: 2016 Report, Based on 2014 Data)|last=Baylor|first=Matthew|date=2016-10-26|work=[[Political Economy Research Institute|PERI]]|access-date=2017-04-17|language=en-GB|archive-date=October 14, 2017|archive-url=https://web.archive.org/web/20171014023216/https://www.peri.umass.edu/toxic-100-air-polluters-index-2016-report-based-on-2014-data|url-status=dead}}</ref>
==See also== {{Portal|Companies|Connecticut}} * [[Top 100 US Federal Contractors]] * [[Honor Award]] from the [[National Building Museum]] * [[Yuzuru Ito]] * [[Eva Collins (academic)|Eva Collins]], academic and lobbyist
==References== {{Reflist|2}}
==Bibliography== * {{Fernandez1983}} * {{Holland1989}}
==External links== {{Commons category|United Technologies}} * [http://www.utc.com UTC website]
{{United Technologies Corporation}} {{Raytheon Technologies}} {{Authority control}}
[[Category:United Technologies| ]] [[Category:American companies established in 1929]] [[Category:Companies based in Hartford County, Connecticut]] [[Category:Farmington, Connecticut]] [[Category:Former components of the Dow Jones Industrial Average]] [[Category:Companies formerly listed on the New York Stock Exchange]] [[Category:Conglomerate companies of the United States]] [[Category:Engineering companies of the United States]] [[Category:Manufacturing companies based in Connecticut]] [[Category:Manufacturing companies established in 1929]] [[Category:Multinational companies headquartered in the United States]] [[Category:Technology companies established in 1929]] [[Category:Conglomerate companies established in 1929]] [[Category:American companies disestablished in 2020]] [[Category:Technology companies disestablished in 2020]] [[Category:Manufacturing companies disestablished in 2020]] [[Category:2020 mergers and acquisitions]]