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  • Previous Rank149
  • Revenues ($M)$61,047
  • Revenue Percent Change-6.2%
  • Profits ($M)$7,608
  • Profits Percent Change22.3%
  • Assets ($M)$87,484
  • Employees197,200

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.

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Company Information

Gregory J. Hayes
Aerospace & Defense
Aerospace and Defense
HQ Location
Farmington, CT
Years on Global 500 List22

United Technologies Rank History

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%