What company owns United Tech?
Matthew Harrington
Updated on January 10, 2026
United Technologies Corp. (NYSE: UTX) provides high-technology systems and services to the building and aerospace industries. It operates through the following four business segments: Carrier; Collins Aerospace; Otis Elevator Co.; and Pratt & Whitney.
When did UTC sell Pratt and Whitney?
December 12, 2012
On December 12, 2012, UTC announced an agreement to sell Pratt & Whitney Power Systems to Mitsubishi Heavy Industries (MHI).
Does China own United Technologies?
Now Watch the Ripple Effects. China approved United Technologies’ purchase of Rockwell Collins on Friday.
In what major businesses is UTC involved?
United Technologies Corporations serves many industries by providing high- technology systems and services in the commercial aerospace and defense industries. UTC operates four business segments: Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense.
Who is the CEO of United Technologies?
Gregory Hayes
Gregory J. Hayes
| Gregory Hayes | |
|---|---|
| Incumbent | |
| Assumed office April 2020 | |
| Preceded by | Position established |
| Chairman and CEO of United Technologies |
How much is United Technologies worth?
United Technologies shares traded at over $114 per share, and its market capitalization was valued at US$98.6 billion in October 2018. UTC ranked No. 51 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.
Who just bought Raytheon?
United Technologies Corp.
United Technologies Corp. agreed to buy Raytheon Co. in an all-stock deal, forming an aerospace and defense giant with $74 billion in sales in one of the industry’s biggest transactions ever. The new entity will be called Raytheon Technologies Corp.
Is UTC still a company?
UTC was also a large military contractor, getting about 10% of its revenue from the U.S. government. Gregory J. Hayes was the CEO and chairman….United Technologies.
| Type | Public |
|---|---|
| Defunct | April 3, 2020 |
| Fate | Merged with Raytheon Corporation to form Raytheon Technologies; Otis and Carrier spun off. |
Where are the headquarters of United Technologies?
Waltham, Massachusetts, United States
United Technologies Corporation/Headquarters
Is United Technologies stock a buy?
The United Technologies Corporation stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average.
Where does the name United Technologies come from?
United Technologies Corporation (UTC), American multi-industry company with significant business concentrations in aerospace products and services, including jet engines. Formed in 1934 as United Aircraft Corporation, it adopted its present name in 1975. Headquarters are in Hartford,…
When did United Technologies become a mergers and acquisitions company?
UTC became a mergers and acquisitions (M&A)–focused organization, with various forced takeovers of unwilling smaller corporations. The next year (1976), UTC forcibly acquired Otis Elevator.
When did United Technologies enter the security business?
In 2003, UTC entered the fire and security business by purchasing Chubb Security . In 2004, UTC acquired the Schweizer Aircraft Corporation which planned 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 purchasing Kidde.
What are the major units of United Technologies?
UTC’s other major units are Otis Elevator Company, which specializes in elevators, escalators, moving walks, and shuttle systems; and Carrier Corporation, which makes heating, ventilating, and air-conditioning systems, building controls, and commercial and transport refrigeration equipment.
