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Global 500

Stefen Chow

136

United Technologies

UTX

U.S.

CEO Gregory Hayes, who took charge when Louis Chenevert abruptly departed in late 2014, shrewdly unloaded helicopter-maker Sikorsky to Lockheed Martin in December for $9 billion, just before the oil slump pummeled sales for offshore platforms. The drop in UT’s share price early last year triggered a $90 billion takeover bid from Honeywell. Hayes rebuffed Honeywell, and his three year, $1.5 billion cost-cutting plan has helped revive UT’s stock. The slowdown in China is curbing revenues at the UT’s Otis unit. But sales of jet engine parts at Pratt & Whitney, a high-margin business, are thriving. And UT’s innovative, super-energy-efficient Geared Turbofan engine is taking flight on the new Airbus A320neo. On the political front, UTX is drawing flak from Donald Trump for shuttering two air conditioner plants in Indiana, and moving production to Mexico.

CEO

Gregory J. Hayes

Sector

Aerospace & Defense

Industry

Aerospace and Defense

HQ Location

Farmington, CT

Employees

197,200

Years on Global 500 List

22

Includes revenues from discontinued operations.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$61,047-6.2%
Profits ($M)$7,60822.3%
Assets ($M)$87,484
Total Stockholder Equity ($M)$27,358
Profit Ratios
Profit as % of Revenues12.5%
Profits as % of Assets8.7%
Profits as % of Stockholder Equity27.8%
STOCK QUOTE
()0.00 0.00 (0)
  • Previous Close:
  • Market Cap: NaNB
  • Next Earnings Date:
  • High:
  • Low:
  • 52 Week High:
  • 52 Week Low:
  • 52 Week Change %: 0.00
  • P/E Ratio: n/a
  • EPS:
  • Dividend Yield: n/a

News about United Technologies

A Trump-Xi Summit Won't Defrost the US-China Cold War

The special Sino Saturday edition of CEO Daily.

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United Technologies CEO Advice to Trump on Tariffs: "These are a Bad Idea"

American consumers have the most to lose with price hikes.

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United Technologies Might Break Up After Closing Biggest Aerospace Deal Ever

Splitting United Technologies could free up Pratt & Whitney jet engines, Otis elevators, and Carrier air conditioners and boost the stock.

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Data Sheet—What Apple Pay Head Jennifer Bailey Learned at Netscape

This is your Data Sheet newsletter for Thursday, September 27, 2018.

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Videos about United Technologies

United Technologies CEO Tariff Advice to Trump: "These are a Bad Idea"

CEO Greg Hayes says President Trump's tariffs are "very short-sighted" and "not a very informed view".

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United Technologies Pulls Off Biggest Aerospace Deal in History

CEO Greg Hayes says UTC could break up after closing the $30 billion deal.

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