United Technologies [Raytheon] a global provider of high technology products and services to the building systems and aerospace industries.
The company operations for the periods presented herein are classified into four principal business segments:
- Pratt & Whitney, and
- Collins Aerospace Systems.
Otis and Carrier are referred to as the “commercial businesses,” while Pratt & Whitney and Collins Aerospace Systems are referred to as the “aerospace businesses.”
United Technologies is a global leader in the aerospace and building industries. The Company aerospace businesses are redefining the future of flight with next-generation aircraft engines and integrated systems and components.
- 240,000 employees worldwide
- Total Sales: $77 Billion
The following are the Aerospace business of United technology.
- Collins Aerospace Systems and
- Pratt & Whitney.
The company also has commercial businesses named
- Carrier and
The company commercial building businesses are carrying on their rich legacy of improving the quality of life by developing sustainable solutions that keep people comfortable and safe, that shape skylines, and that keep people on the move.
List of Major Subsidiaries of United Technologies [Raytheon]
The following are the Major Subsidiaries of United Technologies [Raytheon]
Carrier is also a leading provider of heating, ventilating, air conditioning
(HVAC), refrigeration, fire, security, and building automation products,
solutions, and services for commercial, government, infrastructure, and
residential property applications and refrigeration and transportation
Its portfolio includes industry-leading brands such as Carrier, Chubb, Kidde, Edwards, LenelS2 and Automated Logic.
- 52,600 Employees
- $18.6B Net sales
Carrier provides a wide range of building systems, including cooling, heating, ventilation, refrigeration, fire, flame, gas, and smoke detection, portable fire extinguishers, fire suppression, intruder alarms, access control systems, video surveillance, and building control systems.
Carrier also provides a broad array of related building services, including audit, design, installation, system integration, repair, maintenance, and monitoring services. Carrier also provides refrigeration and monitoring products and solutions to the transport industry
Otis is the world’s leading provider of elevators, escalators and moving walkways. It moves 2 billion people a day and maintains more than 2 million customer units around the world—the industry’s largest service portfolio.
- 69,000 Employees
- $13.1B Net sales
Collins Aerospace Systems
Collins Aerospace Systems is a leading global provider of technologically advanced aerospace products and aftermarket service solutions for aircraft manufacturers, airlines, regional, business and general aviation markets, military and space operations.
- 77,200 Employees
- $26.0B Net sales
Collins Aerospace Systems’ product portfolio includes electric power generation, power management and distribution systems, air data and aircraft sensing systems, engine control systems, intelligence, surveillance and reconnaissance systems, engine components, environmental control systems, fire and ice detection and protection
systems, propeller systems, engine nacelle systems, including thrust reversers and mounting pylons, interior and exterior aircraft lighting, aircraft seating and cargo systems, actuation systems, landing systems, including landing gear and wheels and brakes, space products and subsystems, integrated avionics systems, precision targeting, electronic warfare and range and training systems, flight controls, communications systems, navigation systems, oxygen systems, simulation and
training systems, food and beverage preparation, storage and galley systems, lavatory and wastewater management systems.
Collins Aerospace Systems also designs, produces and supports cabin interior, communications and aviation systems and products and provides information management services through voice and data communication networks and solutions worldwide.
Aftermarket services include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and information
Collins Aerospace Systems sells aerospace products and services to aircraft manufacturers, airlines and other aircraft operators, the U.S. and foreign governments, maintenance, repair and overhaul providers, and independent distributors.
Pratt & Whitney
Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power systems. Pratt & Whitney continues to set the industry standard for performance.
- 42,200 Employees
- $20.9B Net sales
Its GTF (geared turbofan) engine is the quietest, cleanest and most fuel-efficient
engine in its class. Demand for the GTF engine is strong with more than 10,000 firm and option orders at the end of 2019. Approximately 1,400 GTF engines are in service across six continents.
Pratt & Whitney is among the world’s leading suppliers of aircraft engines for the commercial, military, business jet and general aviation markets.
Pratt & Whitney provides fleet management services and aftermarket maintenance, repair and overhaul services. Pratt & Whitney produces and develops families of large engines for wide- and narrowbody and large regional aircraft in the commercial market and for fighter, bomber, tanker and transport aircraft in the military market.
P&WC is among the world’s leading suppliers of engines powering general and
business aviation, as well as regional airline, utility and military airplanes,
Pratt & Whitney and P&WC also produce, sell and service auxiliary power units for commercial and military aircraft. Pratt & Whitney’s products are sold principally to aircraft manufacturers, airlines and other aircraft operators, aircraft leasing companies and the U.S. and foreign governments
Merger with Raytheon Company (Raytheon)
UTC entered into a merger agreement with Raytheon Company (Raytheon) providing for an all-stock merger of equals transaction.
The Raytheon merger agreement provides, among other things, that each share of Raytheon common stock issued and outstanding immediately prior to the closing of the Raytheon merger (except for shares held by Raytheon as treasury stock) will be
converted into the right to receive 2.3348 shares of UTC common stock.
Upon the closing of the Raytheon merger, Raytheon will become a wholly-owned subsidiary of UTC, and UTC will change its name to Raytheon Technologies Corporation.
On October 11, 2019, the shareowners of each of UTC and Raytheon approved the proposals necessary to complete the Raytheon merger. The Raytheon merger is
expected to close early in the second quarter of 2020 and is subject to customary closing conditions, including receipt of required regulatory approvals, as well as the completion of UTC’s separation of its Otis and Carrier businesses