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UNITED TECHNOLOGIES CORPORATION (Exact Name of Registrant As Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 3, 2004 UNITED TECHNOLOGIES CORPORATION (exact name of registrant as specified in its charter) Delaware 1-812 06-0570975 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) One Financial Plaza Hartford, Connecticut 06103 (Address of principal executive offices, including Zip Code) Registrant’s telephone number, including area code (860) 728-7000 N/A (Former name or former address, if changed since last report) Item 5. Other Events On February 3, 2004, United Technologies Corporation issued a press release announcing that two vice presidents were designated to assume the duties of Stephen F. Page as Chief Financial Officer following his retirement on April 14, 2004. James E. Geisler has been named vice president, finance. Gregory J. Hayes has been named vice president, accounting and control. Item 7. Exhibits The following press release is annexed as an Exhibit: Exhibit Number Description 99.1 Press release, dated February 3, 2004, issued by United Technologies Corporation. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED TECHNOLOGIES CORPORATION (Registrant) Date: February 4, 2004 By: /s/ Debra A. Valentine Debra A. Valentine Vice President, Secretary and Associate General Counsel INDEX TO EXHIBITS Exhibit Number Exhibit Description Page 99.1 Press release, dated February 3, 2004, issued by United Technologies Corporation 1 Exhibit 99.1 Contact: Peter Murphy FOR IMMEDIATE RELEASE (860) 728-7977 www.utc.com UTC names James Geisler Vice President, Finance and Gregory Hayes Vice President, Accounting and Control HARTFORD, Conn., February 3, 2004 – United Technologies Corp. -
UTC 2007 Year in Review
United Technologies Corporation Global Exceptional 2007 Year in Review Table of Contents Shareowner Letter 2 Business Unit Presidents 6 Total Shareholder Return 8 At a Glance 9 Company Overview 10 Businesses in Balance 11 At UTC Thinking = Results 12 Sustainability 14 Aftermarket 16 Globalization 18 Innovation 20 Productivity 22 People 24 Our Commitments 26 2007 Operations Review 27 Five-Year Summary 32 Board of Directors & Permanent Committees 34 Leadership 35 Shareowner Information 36 This publication includes “forward-looking statements” concerning expected revenue, earnings, cash flow, share repurchases, restructuring, anticipated business opportunities and other matters that are subject to risks and uncertainties. These statements often contain words such as “expect,” “anticipate,” “plan,” “estimate,” “believe,” “will,” “see,” “guidance” and similar terms. Important factors that could cause actual results to differ materially from those anticipated or implied in United Technologies delivers strong performance through forward-looking statements include changes in the health of the global economy; strength of end market demand in construction and in both the commercial and defense segments of the aerospace industry; fluctuation in commodity prices, interest rates and balance and leadership. We achieve these results through foreign currency exchange rates; and the impact of weather conditions; as well as company-specific items, including the availability and impact of acquisitions; the rate and ability to integrate these acquired businesses effectively; the ability to a commitment to operational excellence and responsible achieve cost reductions at planned levels; challenges in the design, development, production and support of advanced technologies, and new products and services; delays and disruption in delivery of materials and services from suppliers; labor disputes; and the outcome of legal proceedings. -
Business Roundtable Institute for Corporate Ethics Under the Supervision of R
UVA-BRI-1001 UNITED TECHNOLOGIES CORPORATION: RUNNING A GLOBAL ETHICS AND COMPLIANCE PROGRAM In July 2003, Pat Gnazzo, vice president of Business Practices for United Technologies Corporation (UTC), sat at his desk in the company’s Hartford, Connecticut, headquarters considering the challenge of integrating 46,000 new employees into UTC’s global ethics and compliance program from the recently acquired Chubb plc, a United Kingdom-based leader in security and fire protection services. Although Gnazzo had faced many difficult issues since he had taken over business practices programs for UTC in 1995, this challenge was unique. Simultaneously integrating this volume of employees—who were situated in a variety of different cultures across the globe—would be a monumental task, especially since Chubb’s ethics and compliance priorities were not on the level of UTC’s. Gnazzo wondered where he should start. History of UTC and Business Units1 United Technologies Corporation was a $31 billion global corporation made up of seven business units and a stand-alone research center, which supported research for all divisions. The business unit divisions were Carrier Corporation (climate control systems), Hamilton Sundstrand (airplane systems), Otis Elevator, Pratt & Whitney (airplane engines), Sikorsky (helicopters), UTC Power (hydrogen fuel cells), and the recently acquired Chubb (security and fire protection services). A global conglomerate with a total of 205,700 employees after the Chubb acquisition (138,000 based outside of the United States), UTC had over 4,000 locations in approximately 62 countries and did business in more than 180 countries. In 2002, 55 percent of UTC’s total revenues came from outside the United States, and its net income was $2.2 billion with assets totaling $29.1 billion. -
QUARTERLY REPORT PURSUANT to SECTION 13 OR 15(D) of the SECURITIES EXCHANGE ACT of 1934
FORM 10-Q SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 1997 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from____________________________to__________________________ Commission file number 1-812 UNITED TECHNOLOGIES CORPORATION DELAWARE 06-0570975 One Financial Plaza, Hartford, Connecticut 06101 (860) 728-7000 Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months, and (2) has been subject to such filing requirements for the past 90 days. Yes X . No . At June 30, 1997 there were 235,425,353 shares of Common Stock outstanding. UNITED TECHNOLOGIES CORPORATION AND SUBSIDIARIES CONTENTS OF QUARTERLY REPORT ON FORM 10-Q Quarter Ended June 30, 1997 Page Part I - Financial Information Item 1. Financial Statements: Condensed Consolidated Statement of Operations for the quarters ended June 30, 1997 and 1996 1 Condensed Consolidated Statement of Operations for the six months ended June 30, 1997 and 1996 2 Condensed Consolidated Balance Sheet at June 30, 1997 and December 31, 1996 3 Condensed Consolidated Statement of Cash Flows for the six months ended June 30, 1997 and 1996 4 Notes to Condensed Consolidated Financial Statements 5 Report of Independent Accountants 8 Item 2. Management's Discussion and Analysis of Results of Operations and Financial Position 9 Part II - Other Information Item 1. -
[ the Nature of United Technologies ] 2002 Year in Review Contents Pictorials
[ the nature of united technologies ] 2002 year in review Contents Pictorials 1 Letter To Shareowners 7 Pratt & Whitney 5 At A Glance 12 Carrier 6 The Nature of UTC 16 Otis 31 Directors 20 Hamilton Sundstrand 32 Leadership 25 Sikorsky 33 Shareowner Information 28 UTC Fuel Cells Factors That May Affect Future Results This publication contains statements concerning earnings, revenues, operating margins, savings, growth and other financial measurements; new business and business opportunities; acquisitions; and other aspects of future operating or financial performance. These statements are based on assumptions currently believed to be valid and may be “forward- looking statements” under securities laws.Various factors could materially affect actual results. These include: changes in economic or market conditions, government procurement policies and technology, or competition. For additional information about these factors, see the Corporation’s Annual Report for 2002, Form 10-K Report for 2002 and reports on Forms 10-Q and 8-K. “Performance and balance are why our results are consistently favorable to peers and to market averages.” Dear Shareowner: UTC turned in rock solid performance in challenging economic conditions in 2002. Earnings per share grew 15 percent to $4.42. Free cash flow, at $2.3 billion, slightly exceeded net income, our traditional and unusually high standard. We made acquisitions in the year totaling $424 million and repurchased UTC common shares for $700 million. We strengthened our pension plans with contributions totaling $753 million. With these outflows, we still ended the year with a debt-to-capital ratio unchanged from last year. We increased the dividend 9 percent, as usual at a five-quarter interval. -
Annual Report 2019 United Technologies Is a Global Leader in the Aerospace and Financials at a Glance Building Industries
Annual Report 2019 United Technologies is a global leader in the aerospace and Financials at a Glance building industries. Our aerospace businesses — Collins Aerospace Systems and Pratt & Whitney — United Technologies provides high-technology products and services to the aerospace are redefining the future of flight and building industries worldwide. In 2019 UTC net sales were $77 billion. with next-generation aircraft engines and integrated systems and components. Our commercial 1 Cash flow from building businesses — Carrier and Adjusted net sales Adjusted diluted earnings (dollars in billions) per common share from operations Otis — are carrying on their rich continuing operations1 (dollars in billions) legacy of improving the quality of life (dollars per share) by developing sustainable solutions 77.0 8.26 8.9 that keep people comfortable and 7.61 safe, that shape skylines, and that 66.5 60.2 6.61 6.65 57.4 6.30 6.8 keep people on the move. Through 56.5 6.4 6.3 the efforts of our more than 240,000 5.6 employees worldwide, UTC continues to build on its legacy of innovation and superior customer service. To learn more, visit www.utc.com. United Technologies 15 16 17 18 19 15 16 17 18 19 15 16 17 18 19 is transforming itself. Following our merger with Raytheon Company, we will return to our roots as an aerospace and defense Contents Research and Dividends paid per Debt to capital company. We helped invent modern flight and 02 Letter to Shareowners development 2 common share (percent) continue to make the great leaps in technology Foldout (dollars in billions) (dollars per share) Our Legacy of Transformation that advance it. -
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Virtual Signature Event Gregory J. Hayes Chief Executive Officer Raytheon Technologies Corporation David M. Rubenstein President The Economic Club of Washington, D.C. Wednesday, April 7, 2021 ANNOUNCER: Please welcome David Rubenstein, president of The Economic Club of Washington, D.C. DAVID M. RUBENSTEIN: Thank you very much and welcome to all of our members today. I’d also like to let you know about our special guest today. I will be having a conversation with Greg Hayes, who’s the chief executive officer of Raytheon Technologies Corporation. And I hope we have a very interesting conversation about space, aerospace, and many things that are quite interesting that are now going on at Raytheon Technologies. So, let me just give you a brief overview of Raytheon Technologies before we begin this conversation with Greg. Greg is a person who’s graduated from Perdue. He has been the predecessor of Raytheon Technologies, United Technologies, for quite some time, about 21 years. In 2014, he became the CEO of United Technologies. Became the chair in 2016. And when the merger occurred, that we’ll talk about in a moment, between United Technologies and Raytheon, he became the CEO of Raytheon Technologies in April of last year. And Raytheon technologies is a company with about $118 billion market cap, about 195,000 employees, and an annualized run right now of about $70 billion in revenue. So, Greg, thank you very much for taking the time. So let me ask you at the very beginning, United Technologies seemed to be a pretty good company and Raytheon seemed to be a pretty good company. -
U Achi United T Eving C Techno Compet Ologies Titive E Corpor Xcellen Ration Nce (AC
United Technologies Corporation Achieving Competitive Excellence (ACE) Operating System Case Study George Roth Leean Advancement Initiative & MIT Sloan School of Management 292 Main Street – Bldg E38 Room 624 Cambrridge, MA 02142 [email protected] Revised November 30, 2010 http://lean.mit.edu Massachusetts Institute of Technology Cambridge, MA 02139 Lean Enterprise Change Research Case Study Series This case study provides an example of managerial and organizational changes that have accumulated into significant performance improvements. It is one of a series of case studies undertaken by researchers at the Lean Advancement Initiative (LAI) at the Massachusetts Institute of Technology. LAI focuses on developing, testing and studying the application of lean and other management principles in the aerrospace induustry. LAI’s sponsors, and their improvement initiatives, have created a natural laboratory for studying lean enterprise efforts. The case studies in this series report on effective, interesting and novel applications of lean methodologies at enterprise levels in LAI-sponsoring and other organizations. The author acknowledges financial support for this research made available by the Lean Advancement Initiative (LAI) at MIT, sponsored jointly by a group of aerospace companies, the U.S. Air Force, and other federal government agencies. This material is based on research sponsoredd by the Air Force Research Laboratory (under agreement number FA8650-05-2-5706) and a consortium of other government and aerospace industry members. The U.S. -
June 24, 2013 William M. Lafferty, Esquire Seth D
COURT OF CHANCERY OF THE STATE OF DELAWARE LEO E. STRINE, JR. New Castle County Courthouse CHANCELLOR Wilmington, Delaware 19801 Date Submitted: June 10, 2013 Date Decided: June 18, 2013 Date Revised: June 24, 2013 William M. Lafferty, Esquire Seth D. Rigrodsky, Esquire D. McKinley Measley, Esquire Brian D. Long, Esquire Morris, Nichols, Arsht & Tunnell LLP Gina M. Serra, Esquire 1201 North Market Street Rigrodsky & Long, P.A. P.O. Box 1347 2 Righter Parkway, Suite 120 Wilmington, DE 19899 Wilmington, DE 19803 RE: Harold Grill 2 IRA v. Louis R. Chênevert, et al. Civil Action No. 7999-CS Dear Counsel: This is my decision on a motion to dismiss a derivative suit brought on behalf of United Technologies Corporation (“UTC”), a technology conglomerate. Harold Grill 2 IRA, the plaintiff, a stockholder in UTC, alleges that the UTC board of directors consciously caused UTC to misrepresent violations of export controls by two of its subsidiaries, Hamilton Sundstrand (“Hamilton”) and Pratt & Whitney Canada (“Pratt & Whitney”), to the federal government in July and September 2006. As a result of these misrepresentations, UTC was charged with violating federal law and paid a $55 million fine.1 1 The complaint erroneously states, multiple times, that UTC pled guilty to violating federal law. Compl. ¶¶ 1, 114, 132. As the plaintiffs concede, that was not so, and public records make this clear. See Letter to the Ct. from Counsel to Defs. (June 21, 2013); Defs.’ Br. in Supp. Ex. B ¶ 4 (UTC Deferred Prosecution Agreement (June 28, 2012)). Harold Grill 2 IRA v. Louis R. Chênevert, et al. -
OVERVIEW Who We Are • World's Largest Company in the Manufacture
Otis Elevator Company Ten Farm Springs Farmington, Connecticut 06032 (860) 676-5400 www.otis.com OVERVIEW Engineering and Test Centers Who We Are • United Technologies Research Center in East Hartford, Conn., the research and • World’s largest company in the manufacture, development branch of United Technologies installation and service of elevators, Corporation escalators and moving walkways • Otis engineering facilities in the United States, • Wholly owned subsidiary of United Austria, Brazil, China, Czech Republic, Technologies Corporation France, Germany, India, Italy, Japan, Korea and Spain SIZE AND SCOPE • Company’s two tallest elevator test towers located in Shibayama, Japan (505 feet/154 Employment meters above ground; 89 feet/27 meters below ground) and Bristol, Conn., United • Approximately 61,000, with 53,000 outside States (384 feet/117 meters above ground) the United States How We Are Organized - Otis Areas Revenues • Americas (NSAA): e.g., United States, • US $11.7 billion in 2009, of which 80 percent Canada, Central America, Mexico, South was generated outside the United States America Installed Base • North and East Europe and Africa (NEEA): e.g., France, Azerbaijan, Benelux (Belgium, • Approximately 2.3 million Otis elevators and Netherlands, Luxembourg), Egypt, Kazakh- escalators in operation worldwide stan, Nordic region (Baltic States of Estonia, Latvia, Lithuania; Denmark, Finland, Norway, Sweden), Russia, South Africa, Switzerland, Service Base Ukraine, Zambia • 1.7 million elevators and escalators serviced by Otis -
UNITED TECHNOLOGIES CORPORATION (Exact Name of Registrant As Specified in Its Charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): March 8, 2006 UNITED TECHNOLOGIES CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-812 06-0570975 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) One Financial Plaza Hartford, Connecticut 06103 (Address of principal executive offices, including zip code) Registrant’s telephone number, including area code (860) 728-7000 N/A (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02.—Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. (c) Appointment of Principal Officer On March 8, 2006, United Technologies Corporation (the “Company”), announced that Louis R. Chênevert has been elected President and Chief Operating Officer and a Director of the Company. Mr. Chênevert previously served as President of the Company’s Pratt & Whitney division from April 1999 through March 2006.