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United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines , aerospace systems, HVAC , elevators and escalators , fire and security , building automation, and industrial products ...
Jul 5, 2023 · Learn what the United Technologies Corporation was and discover its history. See a list of United Technologies' subsidiaries and explore its operations. Updated: 07/05/2023
Carrier was acquired by United Technologies in 1979, but it was spun off as an independent company 41 years later in 2020, as was the Otis Elevator Company.
Nov 27, 2018 · In the heyday of the conglomerate, United Technologies’ then-CEO Harry Gray acquired Otis elevators (in 1976) and Carrier air-conditioning and heating (1979).
Nov 26, 2018 · Nov. 26, 2018. United Technologies plans to split into three companies, the industrial giant said on Monday. The breakup, to be completed by 2020, signals a shift away from a kitchen-sink...
Oct 23, 2020 · On April 1, 2020, United Technologies (ticker: UTX) merged with Raytheon Corporation (ticker: RTN) and is now Raytheon Technologies (new ticker: RTX). As part of this transaction, United Technologies spun off its two non-aerospace and defense businesses, Otis Corp (OTIS) and Carrier Corp (CARR) in a tax-free transaction to its shareholders.
United traces its origins to Fred Rentschler, who founded the Pratt & Whitney Aircraft Company in 1925 as one of the first companies to specialize in the manufacture of engines, or 'power plants,' for airframe builders. Pratt & Whitney's primary customers were Bill Boeing and Chance Vought.
