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United Technologies Corp.

United Technologies Corp.

Sector: Aircraft Engines And Engine Parts Region: CT, United States

: | Mexican Stock Exchange: UTX | New York Stock Exchange: UTX | Frankfurt Stock Exchange: UTC1 | New York Stock Exchange: UTX.PRA

Listed in: Manufacturing

Similar to: Saab AB, BBA Aviation Plc

United Technologies Corp. provides products and services to the building systems and aerospace industries worldwide. The company operates through five business segments: Otis, UTC Climate, Controls & Security, Pratt & Whitney, UTC Aerospace Systems, and Sikorsky. The Otis segment is a elevator and escalator manufacturing, installation and service company. It designs, manufactures, sells and installs a wide range of passenger and freight elevators for low-medium and high-speed applications, as well as a broad line of escalators and moving walkways. This segment also provides products to upgrade elevators and escalators as well as maintenance and repair services for both its products and those of other manufacturers. The UTC Climate, Controls & Security segment provides heating, ventilating, air conditioning (HVAC) and refrigeration solutions, including controls for residential, commercial, industrial and transportation applications. This segment also provides security and fire safety products and services, monitoring, response and security personnel services, including cash-in-transit security, to complement its electronic security and fire safety businesses. The Pratt & Whitney segment provides aircraft engines for the commercial, military, business jet and general aviation markets. This segment's commercial engines provide maintenance, repair and overhaul services, including the sale of spare parts, as well as fleet management services for large commercial engines. The UTC Aerospace Systems segment provides aerospace products and aftermarket services for diversified industries worldwide. Its aerospace products include electric power generation, management and distribution systems, flight control systems, engine control systems, intelligence, surveillance and reconnaissance systems, engine components, environmental control systems, fire protection and detection systems, propeller systems, aircraft nacelles, and interior, actuation, landing and electronic systems. This segment's aftermarket services include spare parts, overhaul and repair, engineering and technical support and fleet maintenance programs. The Sikorsky segment manufactures military and commercial helicopters and also provides aftermarket helicopter and aircraft parts and services. This segment's aftermarket business includes spare parts sales, mission equipment, overhaul and repair services, maintenance contracts and logistics support programs for helicopters and other aircraft. United Technologies was founded in 1934 and is headquartered in Hartford, CT.

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Latest Media

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United Tech to Outperform Despite Defense Cuts: CEO

March 15 (Bloomberg) -- Louis Chenevert, Chairman & Chief Executive Officer at United Technologies, talks with Betty Liu about the expected impact of sequestrations cuts on his company's business and his outlook on the global economy, he speaks on Bloomberg Television's "In The Loop."

United Technologies Corp. video

United Tech to Outperform Despite Defense Cuts: CEO

United Technologies Corp. video

Louis Chenevert, Chairman, United Technologies

United Technologies Corp. video

Hess Says Pratt & Whitney Sales to Double by Decade End: Video

Executives

Louis R. Chênevert, Chairman and Chief Executive Officer
Louis R. Chênevert is Chairman & Chief Executive Officer of United Technologies Corporation. He was elected President & Chief Executive Officer in April 2008 and Chairman in January 2010. He held the position of President & Chief Operating Officer, and served as a Director of United Technologies since March 2006. Prior to that he served as President, Pratt & Whitney, from April 1999 through March 2006.
Before joining Pratt & Whitney in 1993, Chênevert spent 14 years at General Motors. He served as production general manager of General Motors’ St. Therese operation.
Chênevert is Vice-Chairman of The Business Council, a member of the US-India CEO Forum and Business Roundtable, and is Chairman of HEC Montreal’s International Advisory Board. He also serves on the Board of Directors for Cargill, the Congressional Medal of Honor Foundation and is Chairman of the Yale Cancer Center’s Advisory Board. In 2005, Chênevert was inducted as a Fellow of the American Institute of Aeronautics and Astronautics (AIAA).
Chênevert earned a bachelor of commerce degree in production management from the Université de Montréal, École des hautes études commerciales (HEC).
Alain M. Bellemare, President and Chief Executive Officer, UTC Propulsion and Aerospace Systems
On September 28, 2011, Alain Bellemare became president and chief operating officer of UTC Propulsion and Aerospace Systems. In this role he has operating responsibility for Pratt & Whitney and Hamilton Sundstrand, with the presidents of both units reporting directly to him. His responsibilities include some of the largest programs in UTC’s history, among them the integrated systems supplied by Hamilton Sundstrand to the Boeing 787, Pratt & Whitney’s PurePower Engine, and the Hamilton Sundstrand and Pratt & Whitney content supplied to the Joint Strike Fighter. Prior to his appointment, Bellemare served as president of Hamilton Sundstrand, starting in that role on January 1, 2009. Previously, Bellemare served as president of Pratt & Whitney Canada from 2002 to 2008, where he was responsible for the company's global operations in the design, manufacture and service of aircraft engines powering helicopters, business, general aviation and regional aircraft. He also served as Pratt & Whitney executive vice president, Group Strategy & Development, since April 2007. In this position, Bellemare led the strategic planning and business development initiatives supporting Pratt & Whitney's short- and long-term business growth objectives, in addition to his leadership role at Pratt & Whitney Canada. Bellemare began his career with United Technologies Corp. at Pratt & Whitney Canada in 1996 as vice president of Manufacturing. In 1997, he progressed to vice president of Operations. He also served as executive vice president before being appointed president. Before joining Pratt & Whitney Canada, Bellemare spent more than 12 years in a variety of engineering and manufacturing positions with Kraft Canada and Crown Cork & Seal Canada. He earned an MBA from McGill University in 1993 and a bachelor's degree in mechanical engineering from the University of Sherbrooke in 1984. He specialized in aeronautical engineering at École Nationale Supérieure d’Ingénieurs en Construction Aéronautique (ENSICA) in Toulouse, France. In 2007, Bellemare received the prestigious Flight magazine Publisher's Award in recognition of his leadership in propelling Pratt & Whitney Canada to a position of great strength around the world, and for his contribution to aerospace. That same year, he was awarded an Exceptional Recognition from the Mouvement Québécois de la Qualité and the Quebec Government for his outstanding contribution to the advancement of quality. In 2006, he received the McGill Management Achievement Award for his community involvement and contributions to the Canadian economy. In 2001, he was honored as Nouveau Performant in recognition for his excellence in management. He also joined the ranks of Canada's Top 40 Under 40™ in recognition of his achievements, vision and leadership. Bellemare is also a member of the board of the General Aviation Manufacturers Association (GAMA). On Jan. 1, 2009, Alain M. Bellemare became president, Hamilton Sundstrand.
Gregory J. Hayes, Senior Vice President and Chief Financial Officer
Greg Hayes is Senior Vice President and Chief Financial Officer of United Technologies Corporation. He has global responsibility for UTC's finance function. Greg also directs communications and interactions with UTC's Board of Directors and investor community.
Greg came to UTC through the 1999 merger with Sundstrand Corporation, where he served as Vice President, Finance, for Sundstrand Aerospace. He was then appointed Vice President, Financial Planning & Analysis, for Hamilton Sundstrand. In 2003, he became UTC Vice President and Controller, and was appointed UTC Vice President, Accounting and Controls in 2004. In 2006, Greg's responsibilities were broadened to include Investor Relations.
Greg earned a bachelor's degree in economics from Purdue University in 1982 and is a Certified Public Accountant.

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