united technologies

Raytheon and United Technologies aerospace businesses to merge

Raytheon Company and United Technologies have entered into an agreement to combine in an all-stock merger of equals.

The transaction will create a premier systems provider with advanced technologies to address rapidly growing segments within aerospace and defence.

The merger of Raytheon, a leading defence company, and United Technologies, a leading aerospace company, comprised of Collins Aerospace and Pratt & Whitney, will offer a complementary portfolio of platform-agnostic aerospace and defence technologies.

UTC begins work on hybrid electric aeroplane

United Technologies (UTC) has recently launched the advanced projects group within the company, which moves at speed to build and pilot ambitious product and service demonstrators.

The group’s first product demonstrator is a hybrid-electric X-plane under the project name, Project 804.

The number “804” represents the straight-line mileage between the Pratt & Whitney facility in Longueuil, Québec, and the Collins Aerospace facility in Rockford, Illinois.

United Technologies completes acquisition of Rockwell Collins

United Technologies Corp. has completed its acquisition of Rockwell Collins and the company’s intention is to separate its commercial businesses, Otis and Carrier (formerly CCS), into independent entities. The separation will result in three global, industry-leading companies.

Firstly, United Technologies, comprised of Collins Aerospace Systems and Pratt & Whitney, will be the preeminent systems supplier to the aerospace and defence industry; Collins Aerospace was formed through the combination of UTC Aerospace Systems and Rockwell Collins.

Secondly, Otis, the world’s leading manufacturer of elevators, escalators and moving walkways and thirdly, Carrier, a global provider of HVAC, refrigeration, building automation, fire safety and security products with leadership positions across its portfolio.

United Technologies to invest $15 billion in US over next five years

United Technologies says it plans to hire 35,000 people and make investments of more than $15 billion in research and development and capital expenditures in the United States over the next five years.

The company also launched a dedicated site to highlight its investments in the US: www.utcinvestingintheusa.com.

Gregory J. Hayes, chairman & CEO, United Technologies Corporation, says: “United Technologies is growing globally and growing the fastest in the United States. [Read more…] about United Technologies to invest $15 billion in US over next five years

Green buildings provide $6 billion in benefits to health and climate, says Harvard study

Environmentally-firendly buildings provide $6 billion in benefits to health and climate, says a new Harvard study supported by United Technologies.

These previously undocumented benefits are in addition to $7.5 billion in energy savings, for a combined $13 billion in total benefits.

The public health benefits include fewer hospitalizations and reduced climate impacts. [Read more…] about Green buildings provide $6 billion in benefits to health and climate, says Harvard study