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 2017, the multinational corporation generated net sales of almost 60 billion U.S. dollars and employed more than 200,000 people. Of the employees working at United Technologies in 2017, some 68,000 worked at the Otis elevator company and around 41,000 worked in UTC Aerospace Systems. With a market value of just shy of 100 billion U.S. dollars, UTC is currently ranked as the fifth largest conglomerate in the world. In 2017, 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 2018 net sales of almost 19.4 billion U.S. dollars, and is projected to reach a nine percent share of the global commercial aircraft engine manufacturing market between 2016 and 2020. In 2017, Otis was the world’s largest manufacturer of elevators and moving stairways, with net sales of around 12.3 billion U.S. dollars.

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United Technologies - Important statistics

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