United Technologies Corporation (UTC) is a high profile American multinational conglomerate. In the New York Stock Exchange (NYSE) the company has been listed as UTX. It was founded way back in the year 1929. The headquarters are situated at Hartford, Connecticut, USA. The company has been supported by a strong workforce of more than 2, 30,000 employees. As per the official financial reports for the year 2008 the total revenue of the company was $ 59.8 billion and the net income was listed as $ 4.7 billion.
United Technologies Corporation is involved with the development, research and manufacturing of high-technology products in a lot of areas like building systems, heating and cooling, fire and security, aircraft engines, industrial products, fuel cells, helicopters and elevators & escalators.
The company has eight business units. They are:
1.United Technologies Research Center (UTRC): It is a centralized research facility that works with all other business units to develop new processes and technologies.
2.UTC Power: This unit manufactures distributed power generation systems and fuel cells for various purposes.
3.Pratt & Whitney: This segment builds and designs aircraft engines, rockets and gas turbines.
4.Carrier: This unit deals with the making of refrigeration, heating, ventilation and air conditioning systems.
5.UTC fire and security: This unit deals with security system integration and monitoring services, access control systems, security alarm systems and fire detection and suppression systems.
6.Hamilton Sundstrand: This segment deals with design and manufacture of aerospace systems.
7.Sikorsky Aircraft: It manufactures helicopters for various purposes and segments.
8.Otis: This part deals with elevators, escalators, and moving walkways.
If you want to learn the prospects of trading in the stocks of United Technologies Corporation which are very good financial tool for both short term and long term wealth building, you can request free reports and tips from this site. We provide well crafted guidance and analysis to buy or sell stocks in the trading arena with quality trading calls.
Liked this post? Subscribe to stock market tips India Email subscription
