United Technologies

United Technologies logoUnited Technologies Corporation (UTC) is a diversified company that provides a broad range of high-technology products and services to the global aerospace and building systems industries. Our aerospace businesses include: Hamilton Sundstrand aerospace systems; Pratt & Whitney engines; and Sikorsky helicopters.

UTC First Quarter Earnings Per Share Increase 6 Percent to $1.39, Up 16 Percent Adjusted For Restructuring and One-Time Items; Reaffirms 2013 EPS Outlook of $5.85 to $6.15

Posted on April 23, 2013 by UTC aero

United Technologies Corp. (NYSE:UTX) reported first quarter earnings per share of $1.39 and net income attributable to common shareowners of $1.3 billion, up 6 percent and 7 percent, respectively, over the year ago quarter. Results for the current quarter include $0.11 per share of favorable one-time items net of restructuring costs. Earnings per share in the year ago quarter included a $0.21 benefit from one-time items net of restructuring costs. Before these items, earnings per share increased 16 percent year over year. Net foreign currency translation and hedges at Pratt & Whitney Canada had an adverse impact of $0.01 in the quarter.

 

Read full press release here.

23 April 2013

The Billion-Dollar Bet On Jet Tech That’s Making Flying More Efficient

Posted on January 23, 2013 by UTC aero

Forbes article by Daniel Fisher

United Technologies CEO Louis Chênevert took the biggest gamble of his career on something called a geared turbofan. In a modern jet airliner there are really just two ways to increase fuel economy, the most critical selling point in an era of tiny margins and volatile costs for carriers. One way is to increase combustion temperatures so fuel is burned more efficiently. But engines are already operating at levels above 2,500 degrees Fahrenheit, the melting point of the turbine blades that propel the plane, forcing engineers to dream up exotic cooling systems and turn to special coatings and unwieldy materials like ceramics.

Read the full article on Forbes.com here.

23 January 2013

UTC Reports Fourth Quarter and Full Year EPS of $1.04 and $5.35; Reaffirms 2013 EPS Outlook of $5.85 to $6.15

Posted on January 23, 2013 by UTC aero

United Technologies Corp. (NYSE:UTX) today reported full year 2012 earnings per share of $5.35 and net income attributable to common shareowners of $4.8 billion, both essentially flat versus prior year. The acquisition of Goodrich Corporation was $0.06 dilutive to EPS. Sales of $57.7 billion were 4 percent above prior year including net acquisitions (6 points) and adverse foreign currency translation (2 points). For the year, organic sales were flat and segment operating margin was 14.0 percent. Adjusted for restructuring and one-time items, segment operating margin of 14.8 percent was 60 basis points lower than prior year, including dilution from the acquisition of Goodrich Corporation. Cash flow from operations of $6.6 billion, less capital expenditures of $1.4 billion, exceeded net income attributable to common shareowners.

Read the full press release here.

United Technologies Employee Scholar Program featured on CBS

Posted on December 18, 2012 by UTC aero

United Technologies Employee Scholar Program featured on CBS last week.

To view the video click here.

18 December 2012

UTC Reports Third Quarter EPS From Continuing Operations of $1.37; Affirms 2012 EPS Outlook of $5.25 to $5.35 and Increases Restructuring to $600 Million

Posted on October 23, 2012 by UTC aero

United Technologies Corp. (NYSE:UTX) today reported third quarter 2012 results. All results in this release reflect continuing operations unless otherwise noted.

Earnings per share of $1.37 and net income attributable to common shareowners of $1.2 billion were down 4 percent and 3 percent, respectively, over the year ago quarter. Results for the current quarter include $0.09 per share of restructuring costs, offset by $0.09 of favorable one-time items. Earnings per share in the year ago quarter included $0.06 of restructuring costs, partially offset by $0.04 per share of net favorable one-time items. Before these items, earnings per share decreased 6 percent year over year. The effective tax rate for the quarter was 26.6 percent. Foreign currency translation, and hedges at Pratt & Whitney Canada, had an adverse impact of $0.07.

The acquisition of Rolls-Royce’s share of the International Aero Engines joint venture closed on June 29 and provided $0.03 of EPS accretion in the quarter. Net of transaction and financing costs, the acquisition of Goodrich Corporation, which closed on July 26, did not have an impact on EPS.

Read the full press release here.

23 October 2012

United Technologies closes Goodrich acquisition; Marshall Larsen to join UTC Board of Directors; Alain Bellemare to lead UTC Propulsion & Aerospace Systems

Posted on July 26, 2012 by UTC aero

United Technologies Corp. (NYSE: UTX) announced it has completed its acquisition of Goodrich Corporation, marking a major milestone for the company and strengthening its position in the commercial aerospace industry. Goodrich will be combined with Hamilton Sundstrand to create the new UTC Aerospace Systems business unit, headquartered in Charlotte, N.C.

The increased scale, financial strength and complementary products resulting from the Goodrich acquisition significantly advance United Technologies’ aerospace leadership at a time when the commercial aerospace industry is poised for growth.

Read the full press release here.

26 July 2012

UTC Prices Offering of Equity Units

Posted on June 13, 2012 by admin

HARTFORD, Conn. – United Technologies Corp. (NYSE: UTX) announced that it has successfully priced its offering of equity units. Net proceeds of the offering are expected to be used primarily to pay a portion of the cash consideration for the previously announced acquisition of Goodrich Corporation.

Read the full press release here.

13 June 2012

UTC Board of Directors Increases Dividend 11.5 Percent

Posted on June 13, 2012 by admin

HARTFORD, Conn. – United Technologies Corp. (NYSE:UTX) Board of Directors today declared, effective July 5, an 11.5 percent increase in its third quarter dividend to 53.5 cents per common share. The dividend will be payable Sept. 10 to shareowners of record at the close of business Aug. 17. The ex-dividend date will be Aug. 15.

Read the full press release here.

UTC Launches Offering of Equity Units as Component of Financing for Goodrich Acquisition

Posted on June 12, 2012 by admin

HARTFORD, Conn. – United Technologies Corp. (NYSE: UTX) today announced an offering of $1.00 billion of equity units. Net proceeds of the offering are expected to be used primarily to pay a portion of the cash consideration for the previously announced acquisition of Goodrich Corporation.

Read the full press release here.

12 June 2012

Advisory: Senior Vice President and Chief Financial Officer Greg Hayes will speak at the Deutsche Bank Global Industrials & Basic Materials Conference

Posted on June 7, 2012 by admin

HARTFORD, Conn. – A webcast of United Technologies Corp. (NYSE: UTX) Senior Vice President and Chief Financial Officer Greg Hayes speaking at the Deutsche Bank Global Industrials & Basic Materials Conference is scheduled for 1:45 p.m. ET on Thursday, June 14. The presentation will be broadcast live on the Internet at www.utc.com, and a recording will be archived later on the website.

Read the full press release here.

7 June 2012

UTC Prices Offering of Senior Notes

Posted on May 24, 2012 by admin

HARTFORD, Conn. – United Technologies Corp. (NYSE: UTX) today announced that it has successfully priced an offering of senior notes consisting of:

  • $1.0 billion aggregate principal amount of 1.200 percent senior notes due 2015;
  • $1.5 billion aggregate principal amount of 1.800 percent senior notes due 2017;
  • $2.3 billion aggregate principal amount of 3.100 percent senior notes due 2022;
  • $3.5 billion aggregate principal amount of 4.500 percent senior notes due 2042;
  • $1.0 billion aggregate principal amount of floating rate senior notes due 2013; and
  • $500 million aggregate principal amount of floating rate senior notes due 2015.

The offering is expected to close on June 1, 2012, subject to customary closing conditions. Net proceeds from the offering are expected be used primarily to pay a portion of the cash consideration for the previously announced acquisition of Goodrich Corporation.

Read the full press release here.

24 May 2012

Advisory: Chairman & CEO Louis Chênevert will speak at the Electrical Products Group (EPG) Conference

Posted on May 15, 2012 by admin

HARTFORD, Conn. – A webcast of United Technologies Corp. (NYSE:UTX) Chairman & CEO Louis Chênevert speaking at the Electrical Products Group (EPG) Conference is scheduled for 11:30 a.m. ET on Tuesday, May 22. The presentation will be broadcast live on the Internet at www.utc.com and will be archived on the website afterward.

United Technologies, based in Hartford, Conn., is a diversified company that provides high technology products and services to the building and aerospace industries.

15 May 2012

UTC Names Mick Maurer as President, Sikorsky Aircraft; Jeffrey P. Pino to Retire

Posted on May 7, 2012 by admin

HARTFORD, Conn. – United Technologies Corp. (NYSE: UTX) today announced the appointment of Mick Maurer as President of its Sikorsky Aircraft Corp. subsidiary, effective July 1. Maurer will report to UTC Chairman & Chief Executive Louis Chênevert, succeeding Jeffrey P. Pino, who will retire July 1. To ensure a seamless succession, Pino and Maurer will collaborate closely during the next two months, after which Pino will serve as a consultant to Sikorsky.

Read the full press release here.

7 May 2012

UTC Board Of Directors Announces Quarterly Dividend

Posted on April 11, 2012 by admin

HARTFORD, Conn. – United Technologies Corp.’s (NYSE:UTX) Board of Directors today declared a dividend of 48 cents per common share payable June 10 to shareowners of record at the close of business May 18. The ex-dividend date is May 16.

Read the full press release here.

11 April 2012

UTC Chief Shakes Up Aerospace Landscape

Posted on February 27, 2012 by UTC aero

Aviation Week has named Louis Chênevert 2011 Person of the Year. The magazine says “In 2011, nobody has to ask who Louis R. Chenevert is. The 54-year-old chairman and CEO of United Technologies Corp. rocked the aerospace and defense industries with a string of bold moves that improbably came together in a single year.”

Read the full online article here.

Read the full print article here.

27 February 2012

Senior Vice President and Chief Financial Officer Greg Hayes will speak at the Cowen and Company 33rd Annual Aerospace/Defense Conference

Posted on February 3, 2012 by UTC aero

A webcast of United Technologies Corp. (NYSE: UTX) Senior Vice President and Chief Financial Officer Greg Hayes speaking at the Cowen and Company 33rd Annual Aerospace/Defense Conference is scheduled for 10:25 a.m. ET on Wednesday, Feb. 8. The presentation will be broadcast live on the Internet at www.utc.com and will be archived on the Web site afterward.

3 February 2012

UTC Reports Fourth Quarter and Full Year EPS of $1.47 and $5.49, Up 12 Percent and 16 Percent, Respectively; Affirms 2012 Outlook

Posted on January 25, 2012 by UTC aero

United Technologies Corp. today reported fourth quarter 2011 earnings per share of $1.47 and net income attributable to common shareowners of $1.3 billion, up 12 percent and 11 percent, respectively, over the year ago quarter. Sales of $15.0 billion for the quarter were 1 percent above prior year including 2 points of organic growth and 1 point of net divestitures. Cash flow from operations was $2.0 billion and capital expenditures were $378 million in the quarter.

Read the full press release here.

25 January 2012

UTC Chairman & CEO Louis Chênevert speaks on aerospace innovation

Posted on January 20, 2012 by UTC aero

United Technologies Chairman & Chief Executive Officer Louis Chênevert delivered a speech about the importance of continuing innovation in the aerospace industry. His remarks were addressed to a jam-packed audience at the Wings Club in midtown Manhattan.

Click here to read the full remarks.

20 January 2012

UTC Reports Third Quarter EPS Growth Of 13 Percent On 9 Percent Higher Sales; Increases 2011 EPS Outlook

Posted on October 19, 2011 by UTC aero

United Technologies Corp. (NYSE:UTX) today reported third quarter 2011 earnings per share of $1.47 and net income attributable to common shareowners of $1.3 billion, up 13 percent and 11 percent, respectively, over the year ago quarter. Sales of $14.8 billion for the quarter were 9 percent above prior year including 6 points of organic growth and 4 points of favorable foreign currency translation. Cash flow from operations was $2.0 billion and capital expenditures were $215 million in the quarter.

Read the full press release here.

19 October 2011

UTC announce rise in Q2 earnings

Posted on July 21, 2011 by UTC aero

UTC has announced positive results for their Q2 results. Read more

21 July 2011

Louis Chênevert

The Power of Innovation

Posted on May 31, 2011 by UTC aero

Louis Chênevert discusses the power of innovation at the grand opening of Pratt & Whitney Canada’s Mirabel Aerospace Center.

Read more

31 May 2011

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United Technologies Corp. (NYSE: UTX) provides innovative, high-technology products and services to the aerospace and building systems industries...

Hartford. 10,001+ employees