United Technologies Corporation ( UTC ) is an American multinational conglomerate headquartered in Farmington, Connecticut. It researches, develops, and manufactures products in various fields, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building systems, and industrial products, among others. UTC is also a major military contractor, getting about 10% of its revenue from the US government. Gregory J. Hayes is the CEO and chairman.
Video United Technologies
Histori
Pra-1970
1970-an dan 1980-an
In 1974, Harry Gray left Litton Industries to become CEO of United Aircraft. He pursued a strategy of growth and diversification, changing the name of his parent company to United Technologies Corporation (UTC) in 1975 to reflect his intention to diversify into various high-tech fields in outer space. (The change became official on May 1, 1975.) Diversification was partly to balance civilian businesses against any dependence on military business. UTC became a merger and acquisition (M & amp; A) -focus organization, with various forced takeovers against small, unwilling corporations. The following year (1976), UTC forcibly acquired Otis Elevator. In 1979, Carrier Refrigeration and Mostek were acquired; The Concession Deal was forcibly, while Mostek's agreement was a white knight movement against a hostile takeover design by Gould.
At one point the military part of the UTC business, whose sensitivity to "excess profits" and boom/bust demand push UTC to diversify away from it, actually bear the burden of losses incurred by the M & A commercial. Although M & amp; A is not new to United Aircraft, M & amp; A in the 1970s and 1980s was a higher bet and arguably unfocused. Rather than flight being UTC's central business theme, high technology (of any kind) is a new theme. Some Wall Street observers question the true value of M & A on almost all prices, apparently for its own sake.
Mostek was sold in 1985 to the French electronics company Thomson.
1990s
UTC acquired Sundstrand Corporation in 1999, and incorporated it into UTC's Hamilton Standard unit to form Hamilton Sundstrand.
2000s
In 2003, UTC entered the fire and security business by purchasing Chubb Security.
In 2004, UTC acquired Schweizer Aircraft Corporation which plans to operate as a wholly owned subsidiary under their Sikorsky Aircraft division.
In 2005, UTC further pursued its stake in the fire and security business by buying Kidde. Also in 2005, UTC purchased the Boeing Rocketdyne division, which merged into Pratt & amp; Whitney business unit.
In 2007, UTC opened Hawk Works, Rapid Prototyping, and the Military Derivatives Completion Center (RPMDCC) located west of Elmira-Corning Regional Airport in Big Flats, NY.
In March 2008, UTC made a $ 2.63 billion bid to acquire Diebold, a banking and voting factory based in Canton, Ohio. Diebold declined the purchase offer as inadequate.
In November 2008, UTC Carrier Company acquired NORESCO, one of the largest energy services companies in the country.
In December 2009, it was announced that UTC will acquire 49.5% stake in Clipper Windpower for $ 206 million.
2010s
In April 2010, UTC announced that it was investing EUR15 million ($ 20 million) to set up United Technologies Research Center Ireland at University College Cork which will conduct research on energy and security systems.
In October 2010, UTC agreed with Clipper to get the rest of the company.
In September 2011, UTC secured a $ 18.4 billion deal (including $ 1.9 billion in assumed net debt) for component maker Goodrich Corporation.
In June 2012, it was found that UTC sold military technology to China. Because he pleaded guilty to violating the Arms Export Control Act and made a false statement, United Technologies and its subsidiaries were fined $ 75 million.
In July 2012, United Technologies acquired Goodrich and merged it with Hamilton Sundstrand; the resulting organization is UTC Aerospace Systems.
In February 2013, UTC Power was sold to ClearEdge Power.
In October 2014, Toshiba and United Technologies made a deal to expand their joint ventures outside of Japan.
In January 2015, UTC Building & amp; Industrial Systems completed the acquisition of CIAT Group, the leading HVAC manufacturing company in France. In November, Lockheed Martin completed the $ 9.0 billion acquisition of Sikorsky Aircraft.
In February 2016, UTC's subsidiary Carrier Air Conditioner announced to employees at its plant in Indianapolis that Carrier shifted manufacturing to Mexico: "The best way to stay competitive and protect the business over the long term is to move production from our facility in Indianapolis to Monterrey, Mexico. "In December, the Operators agreed to keep the plant opening in Indianapolis, keeping 1,100 jobs in Indianapolis.
On September 4, 2017, it was proposed to acquire Rockwell Collins in cash and shares worth $ 23 billion, $ 30 billion including Rockwell Collins net debt, for $ 500 million synergy expected in the fourth year.
Maps United Technologies
Business unit
- UTC Aerospace Systems: Design and build aerospace systems for commercial, regional, corporate and military aircraft; a major supplier to the international space program. Provides industrial products for the hydrocarbon, chemical, and food processing, construction and mining industries. UTC Aerospace Systems was formed by combining Hamilton Sundstrand and Goodrich in 2012.
- Company Otis Elevator: Manufacturer, installer and provider of elevators, escalators and moving sidewalks.
- Pratt & amp; Whitney: Design and build aircraft engines and gas turbines.
- Pratt & amp; Whitney Canada
- UTC Climate, Control & amp; Security: Create fire detection and prevention systems, access control systems, and security alarm systems; providing integration of security systems and monitoring services.
- Carrier: Global manufacturer of heating, ventilation, air conditioning, and cooling system.
- NORESCO
- Kidde: a leading manufacturer of residential smoke alarms, carbon monoxide (CO) alarms and fire extinguishers.
- Carrier: Global manufacturer of heating, ventilation, air conditioning, and cooling system.
- United Technologies Research Center (UTRC): A centralized research facility that supports all UTC business units in developing new technologies and processes.
Former business
Hamilton Test Systems, a developer of Arizona-based emissions testing equipment, sold to Georgetown Partners in December 1990, which named it Envirotest Systems Corp. Now part of Environmental Systems Holdings (ESPH).- PZL Mielec
Political contribution
During the 2004 election cycle, UTC is the sixth largest defense industry donor for political campaigns, contributing a total of $ 789,561. Sixty-four percent of UTC's contribution in 2004 was given to Republicans. UTC is also the sixth largest donor to federal candidates and political parties in the 2006 election cycle. Thirty-five percent of the donations are given to the Democrats; 53% of the funds donated to the Republicans.
In 2005, United Technologies was among 53 entities that contributed a maximum of $ 250,000 to the second inauguration of President George W. Bush.
Philanthropy
In 1981, a contribution from UTC allowed the exhibition "Paris/Magnum: Photos 1935-1981", featuring photographs of Paris taken by photographer Magnum Photos, an agency founded in 1947 by Robert Capa, George Rodger, Henri Cartier-Bresson , William Vandivert, and David Seymour. A similar volume of titles, with texts by Irwin Shaw and 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 which opened in fall 2011.
UTC and its subsidiaries are major contributors to museums such as the New England Air Museum.
Environmental recordings
Researchers at the University of Massachusetts Amherst have identified UTC as the 38th largest producer of air pollution companies in the United States in 2008. UTC releases about 110,000 pounds of toxic chemicals annually into the atmosphere including manganese, nickel, chromium and related compounds.
At the University of 2016 Massachusetts Amherst Toxic 100 Air Pollution Index, UTC was ranked 9th by the population exposure toxicity score. It was also reported that they released 60,000 pounds of poison into the air, the second lowest number by the top 10 listed companies.
See also
- Top 100 US Federal Contractors
- Honorary Award from the National Building Museum
- Yuzuru Ito
References
Bibliography
Fernandez, Ronald (1983), Advantage Advantage: The Revival of United Technologies , Boston: Addison-Wesley, ISBNÃ, 9780201104844.
External links
- Home UTC
Source of the article : Wikipedia
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