500 Job Source
Headquarters: 10 Farm Springs Rd.
Farmington, CT 06032
CEO: Gregory Hayes
Stock Symbol: UTX
United Technologies is one of the nation's leading manufacturing companies involved in four main product areas:
- UTC Climate Controls and security
- Otis elevators and escalators
- Pratt & Whitney aircraft engines
- UTC Aerospace systems
United Technologies is one of the nation's
largest defense and military contractors.
The company employs 197,200 workers with 2/3 based outside the U.S. at over 4,000 locations in approximately 71 countries; UTC does business in approximately 180 countries.
In 2015, the company reported revenues of $56.0 billion, down from $57.9 billion in 2014, and net income of $7.6 billion. International sales made up 62% of total sales.
On November 6, 2015 the company completed the sale of Sikorsky to Lockheed Martin Corp. for $9.083 billion in cash
United Technologies is made up of numerous
businesses each with a rich history.
United Technologies traces its roots to
1853, when Elisha Graves Otis establishes an elevator factory.
The next year, at the New York World's Fair, he proves his new
product's safety mechanism: "As he rides up and down upon
the platform, (he) occasionally cuts the rope by which it is
In 1902, Willis H. Carrier invents modern
In 1923, Russian emigré Igor
I. Sikorsky founds Sikorsky Aero Engineering.
In 1925, Pratt & Whitney Aircraft is
incorporated. Its stockholders are Frederick Rentschler, George
Mead and the Pratt & Whitney Co, a Hartford, Connecticut,
machine tool manufacturer. The new company's first products are
the Wasp and Hornet aircraft engines. Pratt & Whitney receives
a U.S. Navy contract for 200 Wasp engines.
Boeing Airline & Transport joins with
Pratt & Whitney, Chance Vought, Hamilton, Sikorsky and Standard
Steel Propeller to form United Aircraft and Transport in 1929.
In 1934, United Aircraft & Transport
is dissolved as a result of federal opposition to the continued
affiliation of airlines with aircraft equipment manufacturers.
Its businesses form three new corporations: United Aircraft,
the Boeing Airplane Company and United Air Lines Transport.
In 1975, United Aircraft Corporation changes
its name to United Technologies Corporation.
UTC offers competitive salary and benefit
packages that include health and life insurance, 401K plans,
savings plans and much more. While full-time employees are eligible
for all of these benefits, we also have options available for
part-time workers. A few of the many benefits of employment at
UTC are noted below:
Under a cafeteria plan known as UTC Choice, we offer medical
and dental plans that offer both routine and necessary health
care coverage. We also provide Health Care and Dependent Care
Reimbursement Accounts that allow you to pay eligible expenses
with pre-tax dollars, as well as life insurance for you and your
family, plus long term disability coverage.
In addition to our health insurance policies, we try and promote
wellness on every level by offering employee fitness centers
at certain locations, plus vision care discounts.
In addition to your paid vacation days, we offer you the opportunity
to purchase an additional 1 to 5 days of vacation through our
UTC Choice program. And we'll help ease the financial burden
by spreading out the costs over the course of the year.
Part Time Benefits:
If you're not a full-time employee of UTC, but are working 20
to 35 hours per week, then you're eligible to enroll in the Part
Time UTC Choice program. Essentially, this program gives you
the benefits of the standard UTC Choice program available to
full-time employees, with the exception of the Purchased Vacation
option. If you're eligible for part time benefits, then you'll
also be eligible for the Employee Scholar Program, Met Pay Personal
Lines of Insurance, Business Travel Accident Insurance and Adoption
Flexible Work Arrangements:
With the competing demands of work and family, keeping the old
standard work hours of 9 AM to 5 PM has become increasingly difficult
to manage for some. Personal matters sometimes require you to
alter your schedule - UTC understands this. That's why we offer
flexible work hours to eligible employees, at the discretion
of their supervisor. You might work from 6 am until 3 pm, or
you might start the day at 10 am and work until 6 pm. With our
Flexible Work Arrangements, you can talk to your supervisor and
find out whether a different work schedule might be good for
Savings Plan and Financial Advice:
At UTC, we think it's important to try and help you plan for
your future-in the long term. In many locations, employees have
the opportunity to save additional amounts for retirement through
participation in the UTC Savings Plan. And to help you manage
your fund more wisely, we provide free on-line financial advice.
LifeWorks is a comprehensive resource and referral program designed
to give UTC employees practical solutions, information, and support
with everyday issues. Through this free, confidential program,
employees and their immediate families have 24/7 telephone and
online access to professional consultants for help with a wide
range of issues, including personal finance, parenting, elder
care, education, health, work and career questions, emotional
well-being, and more.
Updated March 20, 2016