United Technologies Corporation (UTC) (NYSE: UTX) is an industrial
conglomerate that provides a broad range of high-technology products and
services. Founded in 1975 and headquartered in Hartford, Connecticut,
it operates through its five subsidiaries, namely Otis Elevator Company
(OTIS), UTC Climate, Controls & Security (CC&S), Pratt &
Whitney (P&W), Sikorsky and UTC Aerospace Systems (UTCAS).
UTC has been restructuring its portfolio to achieve operational
efficiencies. It has recently completed a number of acquisitions and
divestitures to lower costs, increase margins, drive growth and
facilitate integration between product lines. BA.
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