United Technologies
Defunct American multinational conglomerate (1934-2020) / From Wikipedia, the free encyclopedia
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United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut.[1] 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, among others. UTC was also a large military contractor, getting about 10% of its revenue from the U.S. government.[4][5] In April 2020, UTC merged with the Raytheon Company to form Raytheon Technologies, later renamed RTX Corporation.[6]
Quick Facts Company type, Traded as ...
Company type | Public |
---|---|
NYSE: UTX | |
Industry | Conglomerate |
Predecessor | United Aircraft |
Founded | September 26, 1934 (1934-09-26) (as United Aircraft Corporation) May 1, 1975 (1975-05-01) (as United Technologies Corporation) |
Founder | Frederick Rentschler (for the United Aircraft line) |
Defunct | April 3, 2020 (2020-04-03) |
Fate | Merged with Raytheon to form RTX; Otis and Carrier spun off. |
Successors | |
Headquarters | , United States[1] |
Area served | Worldwide |
Key people |
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Revenue | US$71.31 Billion (2019) |
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