An investor’s guide to United Technologies
Must know: Highlights of United Technologies Q4 and 2014 results (Part 1 of 10)
About the company
United Technologies Corporation (UTX) is a business conglomerate that provides a broad range of high-technology products and services for the aerospace and commercial building industries. The company develops technologies, systems, and services for the aerospace, construction, and security industries. The company’s large and balanced portfolio of businesses spans a variety of geographies, markets, and customer relationships.
The company provides a diverse product range, including:
elevators
escalators
building automation
air conditioning and refrigeration systems
engines for large commercial, business, and military aircraft
fleet management services
aerospace products
military and commercial helicopters
UTC’s well-known products include Otis elevators and escalators, Sikorsky UH-60 Black Hawk helicopters, and Pratt & Whitney PurePower 1000G engines used in the Airbus 320neo passenger jet. The company also provides continued after-sales services in various segments, which contributed to ~43% of its revenues in 2013.
Business segments
The company has four main business segments:
UTC Building & Industrial Systems
UTC Aerospace Systems
Pratt & Whitney
Sikorsky
In 2013, the company combined two of its commercial businesses to form UTC Building & Industrial Systems, comprising Otis elevators and escalators; Carrier heating, air conditioning, and refrigeration systems; and fire suppression and security solutions from brands such as Kidde and Chubb.
Global recognition
United Technologies has many successful brand names under its belt, which helped the company achieve recognition and honors such as:
listed on Barron’s World’s Most Respected Companies (2013)
named 50th largest US corporation (2013, FORTUNE)
named 154th largest global corporation (FORTUNE Global 500, 2013)
named second “Most Admired” aerospace and defense company (FORTUNE, 2013)
named among Thomson Reuters Top 100 Global Innovators in the transportation equipment industry
United Technologies Corporation’s competitors include Rockwell Collins (COL), Boeing (BA), and Northrop Grumman (NOC). These companies are a part of the Industrial Select Sector SPDR ETF (XLI).
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