Otis, Carrier, Kidde, Chubb To Combine In New UTC Unitnited Technologies Corp. is combining its elevator and heating and climate controls businesses in a move aimed at making them more appealing to cities in emerging markets such as China.
Exec Says UTC Will Sell More BusinessesThe chief financial officer of United Technologies Corp. says the industrial conglomerate will sell more businesses.
UTC Considering Options For Its Fuel Cell Business The chief executive of the industrial conglomerate United Technologies Corp. has hinted that its fuel cell business could be sold.
UTC Scales Back Size Of Stock Offering To Fund Goodrich PurchaseCEO Louis Chenevert says United Technologies Corporation is scaling back the amount of stock to be issued to finance its $16.4 billion purchase of aerospace supplier Goodrich Corp.
Chenevert Named "Person of the Year" By Aviation Industry MagazineUnited Technologies Corporation's chairman and CEO Louis Chenevert has been chosen the 2011 Person of the Year of "Aviation Week & Space Technology" magazine.
Goodrich Acquisition Will Affect 2012 UTC EarningsThe chief executive of United Technologies Corp. says the aerospace and building systems manufacturer expects revenue next year will miss Wall Street expectations as it absorbs a sizable acquisition.
UTC Buying GoodrichUnited Technologies Corp. said it will buy Goodrich Corp. for about $16.4 billion in cash, calling the aerospace and defense company a perfect addition that will allow it to take advantage of rapidly growing demand for aircraft components.
Despite Oil Prices, Some Problems After Japan Quake, UTC Sees Continued StrengthsThe chief executive of United Technologies Corp. says rising commodity prices and supply chain disruptions in Japan are causing some concerns, but sales are rising and the weak dollar is boosting the conglomerate's exports.
9% Hike For UTC's Chenevert
UTC Profits Up 13% in Third Quarter
CEO Upbeat in Assessment of UTC's Businesses