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Global 500

Courtesy of United Technologies

155

United Technologies

UTX

U.S.

United Technologies’ CEO Gregory Hayes, the company’s former finance chief who took the helm in late 2014, holds the distinction of being the first chief exec to strike a deal with now-President Trump after the November 2016 vote. One of the company’s Carrier plants in Indianapolis, once destined to shutter and outsource manufacturing to Mexico, became a symbol of globalization’s wreckage for the Republican real estate magnate on the campaign trail. Despite an agreement to keep the plant open, United Technologies continues to eliminate jobs there, and Hayes still voices his support of free trade. The company’s share price has climbed steadily over the course of the year, a trend lofted by expectations of increased defense spending under the new administration as well as strong demand for its Pratt & Whitney jet engines and other aerospace parts.

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CEO

Gregory J. Hayes

Sector

Aerospace & Defense

Industry

Aerospace and Defense

HQ Location

Farmington, CT

Years on Global 500 List

23

Employees

201,600

Key Financials (Last Fiscal Year)
($ Millions)% change
Revenues ($M)$57,244-6.2%
Profits ($M)$5,055.0-33.6%
Assets ($M)$89,706
Total Stockholder Equity ($M)$27,579
Profit Ratios
Profit as % of Revenues8.8%
Profits as % of Assets5.6%
Profits as % of Stockholder Equity18.3%
STOCK QUOTE
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  • 52 Week Change %: 0.00
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