United Technologies

Headquarters: 10 Farm Springs Rd.
Farmington, CT 06032
Employees: 197,200
CEO: Gregory Hayes
Stock Symbol: UTX

Website: http://www.utc.com

Career Site

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

History

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 supported."

In 1902, Willis H. Carrier invents modern air-conditioning.

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.

Benefits

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:

Health Care:
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.
Purchased Vacation:
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 Assistance.
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 you.
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 Program:
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