Last €107.58 EUR
Change Today +2.68 / 2.55%
Volume 8.3K
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united technologies corp (UTC1) Snapshot

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01/23/15 - €108.90
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10/16/14 - €75.59
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united technologies corp (UTC1) Details

United Technologies Corporation provides technology products and services to the building systems and aerospace industries worldwide. Its Otis segment designs, manufactures, sells, and installs a range of passenger and freight elevators, escalators, and moving walkways; modernization products to upgrade elevators and escalators; and maintenance and repair services. The company’s UTC Climate, Controls, & Security segment provides heating, ventilating, air conditioning, and refrigeration solutions, such as controls for residential, commercial, industrial, and transportation applications. It also offers electronic security products, including intruder alarms, access control systems, and video surveillance systems; and monitoring, response, and security personnel services, as well as designs and manufactures a range of fire safety products comprising specialty hazard detection and fixed suppression products, portable fire extinguishers, fire detection and life safety systems, and other firefighting equipment. Its Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation markets, as well as provides fleet management services for commercial engines; spare parts; and maintenance, repair, and overhaul services. The company’s UTC Aerospace Systems segment supplies aerospace products, including electric power generation, management and distribution systems, flight control systems, engine control systems, intelligence, surveillance and reconnaissance systems, engine components, environmental control systems, fire protection and detection systems, propeller systems, aircraft nacelles, and interior, actuation, landing and electronic systems; and aftermarket services. Its Sikorsky segment manufactures military and commercial helicopters, as well as provides aftermarket helicopter and aircraft parts and services. United Technologies Corporation was founded in 1934 and is based in Hartford, Connecticut.

212,400 Employees
Last Reported Date: 02/6/14
Founded in 1934

united technologies corp (UTC1) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $2.0M
Chief Executive Officer of UTC Building & Ind...
Total Annual Compensation: $2.1M
Chief Executive Officer of UTC Propulsion & A...
Total Annual Compensation: $1.9M
Senior Vice President of Aerospace Business D...
Total Annual Compensation: $1.3M
Compensation as of Fiscal Year 2013.

united technologies corp (UTC1) Key Developments

United Technologies Corp. Appoints David P. Hess as Senior Vice President, Aerospace Business Development

United Technologies Corp. (UTC) announced the appointment of David P. Hess, former President of Pratt & Whitney, to the position of UTC Senior Vice President, Aerospace Business Development. In this newly created position, Hess will work in close collaboration with Pratt & Whitney President Paul Adams and UTC Aerospace Systems President Dave Gitlin to strengthen relationships with key aerospace customers and partners. In addition, Hess will support Mike Dumais, Senior Vice President, Strategic Planning, in reviewing the corporation's aerospace portfolio and evaluating acquisition opportunities. Prior to his retirement in early 2014, Hess served as President of Pratt & Whitney. Earlier in his 34-year career at UTC, he served as President of UTC's Hamilton Sundstrand business.

United Technologies Announces Changes to Aerospace Leadership and Organizational Structure

United Technologies Corp. announced it will streamline its aerospace organization and leadership structure to provide greater focus on serving customers. Alain Bellemare, President & Chief Executive Officer of UTC Propulsion & Aerospace Systems (PAS), has elected to leave the company at the end of the month. He will continue to serve as a consultant to UTC. As a result of Bellemare's decision and the successful integration of Goodrich Corporation, UTC is streamlining its aerospace operations by eliminating the PAS organization. Pratt & Whitney and UTC Aerospace Systems (UTAS), both formerly under the PAS structure, will continue as stand-alone business units. As a result of this organizational change, Pratt & Whitney President Paul Adams will report directly to Hayes, as will Dave Gitlin, who has been promoted to President, UTC Aerospace Systems, from his former position as leader of that company's Aircraft Systems segment. Also reporting directly to Hayes will be Mike Dumais, who has been appointed to a new position as UTC Senior Vice President, Strategic Planning. Dumais, who formerly led UTC Aerospace Systems'Power, Controls & Sensing Systems segment, will help assess capital allocation strategies and opportunities for portfolio and organizational changes across the corporation.

United Technologies Corporation Provides Earnings Guidance for Full Year 2014 and 2015

United Technologies Corporation provided earnings guidance for 2014 and 2015. For the full year of 2014, the company expects earnings per share to be $6.8, at the mid-point of the previous earnings outlook of $6.75 to $6.85. The 2014 EPS expectation includes a charge of $0.25 related to a previously disclosed German tax litigation matter, which will be partially offset by approximately $0.20 of other favorable items. The company continues to expect sales for 2014 of approximately $65 billion. For the full year of 2015, the company also anticipates 2015 earnings per share of $7.00 to $7.20, up 3 to 6%. Sales for 2015 are expected to be $66 billion to $67 billion, including 3 to 5% organic growth.


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