Skip to Content
148

United Technologies

Courtesy of United Technologies
  • Previous Rank159
  • Country
    U.S.
  • Revenues ($M)$66,501.00
  • Revenue Percent Change11.1%
  • Profits ($M)$5,269.00
  • Profits Percent Change15.8%
  • Assets ($M)$134,211.00
  • Employees240,200

United Technologies spent much of 2018 changing the complexion of the company. The industrial giant is working to divest its Otis and Carrier divisions, among others, by mid 2020 as it doubles down on its aerospace business, courtesy of its $30 billion acquisition of Rockwell Collins—and its plan, announced in June, to merge with Raytheon. The Farmington, Conn. company totaled annual revenue of $66.5 billion, up 11% compared to 2017. Though the grounding of Boeing’s 737 Max program hurt recent profits, the confidence of United Technologies leaders remains high, and early signs suggest there’s plenty more money to be saved from all of its M&A activity.

Fortune Data StoreLooking for leads, investment insights, or competitive intelligence?Get Premium Access

Company Information

CEO
Gregory J. Hayes
Sector
Aerospace & Defense
Industry
Aerospace and Defense
HQ Location
Farmington, Conn.
Websitehttps://www.utc.com
Years on Global 500 List25
Employees240,200

United Technologies Rank History

Key Financials (Last Fiscal Year)

($ Millions)% change
Revenues ($M)$66,501.0011.1%
Profits ($M)$5,269.0015.8%
Assets ($M)$134,211.00-
Total Stockholder Equity ($M)$38,446.00-

Profit Ratios

Profit as % of Revenues7.9%
Profits as % of Assets3.9%
Profits as % of Stockholder Equity13.7%