United Technologies Corporation - Statistics & Facts

The United Technologies Corporation is a Connecticut-headquartered company which provides a range of high-technology products and services to the global aerospace and building systems industries. In 2013, the multinational corporation generated net sales of over 60 billion U.S. dollars and employed more than 200,000 people. Of the employees working at United Technologies in 2013, some 63,500 worked at the Otis elevator company and around 42,000 worked in UTC Aerospace Systems. With a market value of around 108 billion U.S. dollars, UTC is currently ranked as the third-largest conglomerate in the world, behind only General Electric and Siemens. In 2013, the diversified company was also the second-largest aerospace and defense manufacturer in the United States.

The firm’s most prominent subsidiaries include the aircraft manufacturer Pratt & Whitney and the elevator and escalator maker Otis. Pratt & Whitney reported 2012 net sales of almost 14 billion U.S. dollars, and reached an 11 percent share of the global commercial aircraft engine manufacturing market in 2013. That year, Otis was the world’s largest manufacturer of elevators and moving stairways, with net sales of around 12.5 billion U.S. dollars. UTC Climate, Controls & Security, a company worth 5.5 billion U.S. dollars with 45,000 employees serving customers in 25 countries, was the most profitable segment of the United Technologies Corporation with net sales of just under 17,000 million U.S. dollars in 2013.

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