Sample Company Profile

United Technologies Corporation
(d/b/a UTC Corp.
UTC CORPORATION)
Primary Company Details Back to top
  • LexisNexis Enterprise No.
  • 77950
  • Reportage
  • Parent Parent
  • Company Type
  • Public
Secondary Company Details Back to top
  • Year Founded
  • 1934
  • Incorporated/ State of Inc.
  • DE
  • Import/Export
  • Both
Address Back to top
  • Corporate
  • United Technologies Bldg 1 Financial Plz
    Hartford, CT  06101
Company Communication Back to top
  • Telephone
  • (860) 728-7000
  • Fax
  • (860) 728-7979
Business Description Back to top
  • Founded in 1934 and based in Hartford, CT, United Technologies Corporation (NYSE: UTX) designs, develops, manufactures and markets technology products and services to the building and aerospace industries. The company operates through six segments that include Otis, Carrier, UTC Fire & Security, Pratt & Whitney, Hamilton Sundstrand and Sikorsky. The company manufactures commercial, industrial, defense products, and more. The firm's aerospace customers include governments, aircraft manufacturers and airlines. The firm's building systems customers include owners and managers, contractors and property developers. The company employs 208,200 people and had 2010 revenue of about $54.3 billion.
Financials Back to top
  • Ticker Symbol
  • UTX
  • Latest Financial Data
  • 12/31/2010
  • Sales
  • $54,326,000,000
  • Assets
  • $58,493,000,000
  • Liabilities
  • $36,161,000,000
  • Net Worth
  • $22,332,000,000
  • Earnings
  • $4,711,000,000
  • No. of Employees
  • 208,200
  • Fiscal Yr. End
  • 12/31
Stock Exchanges Back to top
  • NYSE
  • New York Stock Exchange
NAICS Industry Classifications Back to top
  • 541710
  • Research and Development in the Physical, Engineering, and Life Sciences (Primary)
  • 333415
  • Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
  • 336412
  • Aircraft Engine and Engine Parts Manufacturing
  • 334512
  • Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use
  • 333921
  • Elevator and Moving Stairway Manufacturing
SIC Industry Classifications Back to top
  • 8733
  • Noncommercial Research Organizations (Primary)
  • 3585
  • Air Conditioning & Warm Air Heating Equipment & Commercial & Industrial Refrigeration Equipment
  • 3724
  • Aircraft Engines & Engine Parts
  • 3822
  • Automatic Controls for Regulating Residential & Commercial Environments & Appliances
  • 3534
  • Elevators & Moving Stairways
Executives Back to top
Board of Directors Back to top
  • Member
  • John V. Faraci
  • Audit - Chair
    Corporate Governance - Member
    Finance - Member
    Nominating - Member
  • Member
  • Jean-Pierre Garnier
  • Compensation-Remuneration - Chair
    Corporate Governance - Member
    Executive - Chair
    Nominating - Member
    Public Affairs - Member
  • Member
  • Jamie S. Gorelick
  • Compensation-Remuneration - Member
    Executive - Member
    Finance - Member
    Public Affairs - Member
  • Member
  • Edward A. Kangas
  • Audit - Member
    Compensation-Remuneration - Member
    Executive - Member
  • Member
  • Charles R. Lee
  • Compensation-Remuneration - Member
    Corporate Governance - Member
    Executive - Member
    Finance - Chair
    Nominating - Member
  • Member
  • Richard David McCormick
  • Audit - Member
    Compensation-Remuneration - Member
    Corporate Governance - Chair
    Executive - Member
    Nominating - Chair
  • Member
  • Harold W. McGraw, III
  • Compensation-Remuneration - Member
    Corporate Governance - Member
    Executive - Member
    Nominating - Member
    Public Affairs - Member
  • Member
  • H. Patrick Swygert
  • Audit - Member
    Compensation-Remuneration - Member
    Executive - Member
    Public Affairs - Member
  • Member
  • Christine Todd Whitman
  • Corporate Governance - Member
    Finance - Member
    Nominating - Member
    Public Affairs - Chair
Former Executives Back to top
  • Principal Deputy Asst Sec-Comm, Command, Control & Intelligence-
  • Robert J. Hermann
  • 1977 -  N/A 
  • Officer-Sikorsky Aircraft Bus Unit
  • John Lee
  • Officer-Carrier, Pratt & Whitney Bus Unit
  • John Lee
  • Pres-Carrier Refrigeration-North America
  • John Lee
  • VP-Bus Dev-Norden Sys Div & Pres-Norden Systems-Canada
  • Thomas J. Meaney
  • 1977 - 1983
  • Exec VP-Pratt & Whitney Canada
  • John Saabas
  •  N/A  - 2008
Former Directors Back to top
Executive Compensation Back to top
Copyright 2011 Morningstar, Inc. Executive Compensation Database
Year Title Salary Bonus Other
Annual
Comp
Restr.
Stock
Awards
Security
Underlying
Options
LTIP
Payouts
All
Other
Comp
Ari Bousbib
2009 President, Commercial Companies and Executive Vice President, UTC $950,000 $700,000   $2,542,428     $4,645,666
2008 President, Commercial Companies and Executive Vice President, UTC $862,500 $1,200,000   $2,238,988     $5,473,336
2007 President, Otis Elevator $749,167 $900,000   $1,880,064     $4,076,832
2006 President, Otis Elevator $676,250 $850,000   $665,184     $3,741,133
2005 President, Otis Elevator $633,333 $750,000 $74,425   $151,000   $44,699
2004 President, Otis Elevator $543,750 $675,000 $60,478   $140,000   $31,605
2003 President, Otis Elevator $475,000 $650,000 $54,212   $160,000   $31,425
2002 President, Otis Elevator $430,000 $575,000 $49,544 $750,000 $70,000   $31,425
2001   $430,000 $475,000 $50,013 $1,505,000 $254,000   $28,105
2000   $377,500 $500,000 $41,952   $40,000   $28,105
David J. Fitzpatrick
2001 Senior Vice President & Chief Financial Officer $483,333 $475,000 $56,481   $265,000   $37,350
2000   $451,667 $500,000 $51,742   $65,000   $37,360
1999 Senior Vice President and Chief Financial Officer $417,500 $450,000 $60,939   $80,000   $39,218
1998   $216,667 $375,000 $86,901 $428,125 $200,000    
George A.L. David
2009 Chairman $916,667 $750,000         $24,592,361
2008 Chairman $1,262,500 $2,000,000   $6,048,720     $16,972,608
2007 Chairman and Chief Executive Officer $1,883,333 $4,000,000   $11,636,640     $20,553,253
2006 Chairman and Chief Executive Officer $1,791,667 $3,800,000   $7,675,200 $7,217,233   $13,907,965
2005 Chairman and Chief Executive Officer $1,700,000 $3,800,000 $779,822   $1,570,000   $85,463
2004 Chairman and Chief Executive Officer $1,200,000 $3,500,000 $310,004   $540,000   $79,956
2003 Chairman and Chief Executive Officer $1,200,000 $2,800,000 $225,837   $650,000   $74,909
2002 Chairman and Chief Executive Officer $1,200,000 $2,400,000 $214,352   $350,000   $70,403
2001 Chairman and Chief Executive Officer $1,200,000 $1,800,000 $82,546   $300,000   $52,571
2000 Chairman and Chief Executive Officer $1,200,000 $2,400,000 $87,985 $499,375 $325,000   $48,119
1999 Chairman and Chief Executive Officer $1,200,000 $2,200,000 $109,290   $700,000   $43,727
1998   $1,170,833 $1,900,000 $97,300   $350,000   $40,267
1997   $1,100,000 $1,700,000 $92,179   $750,000   $37,271
Geraud Darnis
2009 President, Carrier Corporation $804,872 $345,000   $2,019,168     $3,710,935
2008 President, Carrier Corporation $800,000 $550,000   $2,238,988     $4,785,541
2007 President, Carrier Corporation $749,167 $600,000   $1,880,064     $3,742,512
2006 President, Carrier Corporation $676,250 $350,000   $665,184     $3,488,482
2005 President, Carrier Corporation $629,167 $600,000 $70,030   $151,000   $48,342
2004 President, Carrier Corporation $519,167 $600,000 $72,347   $140,000   $39,971
2003 President, Carrier Corporation $455,000 $500,000 $92,792   $160,000   $34,710
2002   $393,846 $425,000 $87,261 $750,000 $70,000   $31,912
2001   $385,962 $350,000 $388,823   $231,000   $29,960
Gregory J. Hayes
2009 Senior Vice President and Chief Financial Officer $575,000 $395,000   $1,988,388     $2,998,359
2008 Senior Vice President and Chief Financial Officer $501,516 $550,000   $1,156,248     $2,267,527
2007 Vice President, Accounting and Finance $429,583 $475,000   $917,532     $1,590,775
2006 Vice President, Accounting and Finance $391,667 $425,000   $304,876     $1,283,368
James E. Geisler
2008 Vice President, Corporate Strategy and Planning $475,417 $410,000   $1,156,248     $2,196,202
2007 Vice President, Finance $429,583 $475,000   $917,532     $1,463,957
2006 Vice President, Finance $386,667 $425,000   $304,876     $1,182,937
John R. Lord
1999 President, Carrier $487,500 $500,000 $58,261   $90,000   $42,560
1998   $463,333 $475,000 $62,564   $90,000   $38,320
1997   $442,500 $350,000 $69,068 $1,517,500 $260,000   $35,410
Jonathan Ayers
2000 President, Carrier Corporation $453,333 $500,000 $265,144   $65,000   $32,550
1999   $390,000 $400,000 $360,983   $144,000   $31,780
1998   $363,750 $325,000 $204,987   $40,000   $29,640
Karl J. Krapek
2001 Former President and Chief Operating Officer $865,000 $900,000 $69,020   $160,000   $28,480
2000 President and Chief Operating Officer $829,167 $1,250,000 $72,899   $175,000   $26,707
1999 President and Chief Executive Operating Officer $783,333 $1,250,000 $61,196   $470,000   $24,240
1998   $729,583 $1,100,000 $85,805   $150,000   $21,576
1997   $695,000 $1,000,000 $59,440   $300,000   $20,875
Mr. Louis R. Chenevert
2009 President and Chief Executive Officer $1,435,000 $1,700,000   $6,217,560     $11,149,152
2008 President and Chief Executive Officer $1,318,974 $3,000,000   $4,376,921     $9,313,937
2007 President and Chief Operating Officer $1,012,500 $2,000,000   $5,533,440     $12,282,837
2006 President and Chief Operating Officer $808,333 $1,400,000   $665,184     $4,946,795
2005 President, Pratt & Whitney $633,333 $850,000 $60,663   $151,000   $46,485
2004 President, Pratt & Whitney $547,917 $700,000 $59,608   $140,000   $37,910
2003 President, Pratt & Whitney $525,000 $325,000 $62,077   $170,000   $37,730
2002 President, Pratt & Whitney $500,000 $525,000 $56,212   $85,000   $37,730
2001 President, Pratt & Whitney $500,000 $475,000 $53,286   $272,000   $35,520
2000 President, Pratt & Whitney $463,333 $550,000 $44,581   $75,000   $34,660
1999   $386,667 $480,000 $45,297   $130,000   $33,383
1998   $302,833 $350,000 $27,748   $44,000   $24,513
Ronald F. Mckenna
2002 President, Hamilton Sundstrand $465,000 $500,000 $106,078   $70,000   $525,141
2001   $462,500 $350,000 $106,208   $154,000   $451,271
2000   $463,656 $375,000 $119,656   $60,000   $256,317
Stephen F. Page
2003 Vice Chairman & Chief Financial Officer $750,000 $1,250,000 $143,522   $150,000   $37,243
2002 Vice Chairman & Chief Financial Officer $668,333 $1,250,000 $111,614 $1,875,000 $90,000   $37,243
2001 Executive Vice President and President, Otis $640,000 $850,000 $59,842   $78,000   $39,620
2000 Executive Vice President and President, Otis $627,500 $700,000 $68,248   $90,000   $53,520
1999 Executive Vice President and President, Otis $602,500 $600,000 $66,594   $110,000   $62,500
1998   $576,667 $600,000 $62,200   $110,000   $52,490
1997   $551,250 $500,000 $86,525 $1,517,500 $280,000   $46,330
Stephen N. Finger
2008 President, Pratt & Whitney $638,667 $550,000   $2,045,130     $3,785,875
William L. Bucknall, Jr.
2005 Senior Vice President, Human Resources & Organization $511,667 $575,000 $59,085   $94,000   $37,310
2004 Senior Vice President, Human Resources & Organization $495,000 $600,000 $56,556   $90,000   $37,130
2003   $478,333 $370,000 $55,927   $120,000   $36,950
2002   $475,000 $400,000 $56,294 $3,000,000 $55,000   $36,950
William M. Brown
2009 President, UTC, Fire & Security $543,750 $595,000   $1,489,752     $2,260,809
Products & Brands Back to top
  • Aerospace Products
  • hamilton sundstrand
  • Aircraft Engines
  • pratt & whitney
  • Elevators
  • otis
  • Heating & Air Conditioning
  • carrier
  • Helicopters
  • sikorsky
  • Logo
  • united technologies
Outside Service Firms Back to top
  • Advertising Agency
  • Ketchum
  • Address: 1285 Ave of the Americas, New York, NY  10019
    Telephone: (646) 935-3900
    Fax: (646) 935-4482
    Web Site: www.ketchum.com
  • Advertising Agency
  • Maier Advertising, Inc.
  • Address: 1789 New Britain Ave, Farmington, CT  06032-3317
    Telephone: (860) 677-4581
    Fax: (860) 677-5854, (860) 677-4898
    Email: agency@maier.com
    Web Site: www.maier.com
    Email: bill@maier.com
  • Advertising Agency
  • DDB New York
  • Address: 437 Madison Ave, New York, NY  10022-7001
    Telephone: (212) 415-2000
    Fax: (212) 415-3506
    Web Site: www.ddb.com
  • Advertising Agency
  • Bernard Hodes Group
  • Address: 790 E Broward Blvd Fl 4 Ste 400, Fort Lauderdale, FL  33301
    Telephone: (954) 966-3500
    Fax: (954) 989-3085
    Email: lbroderick@mi.hodes.com
    Web Site: www.hodes.com
  • Advertising Agency
  • Prometheus
  • Address: 225 N Michigan Ave, Chicago, IL  60601
    Telephone: (312) 324-7000, (312) 419-5252
    Fax: (312) 324-8204
    Email: info@prometheus.com
    Web Site: www.prometheus.com
  • Advertising Agency
  • Campus Party, Inc
  • Address: 444 N Third St, Philadelphia, PA  19123
    Telephone: (215) 320-1810
    Fax: (215) 320-1814
    Email: info@campusclients.com
  • Auditor
  • PricewaterhouseCoopers LLP
    Former Name: Coopers & Lybrand
  • Address: CityPlace1 185 Asylum St Ste 2400, Hartford, CT  06103
    Telephone: (860) 241-7000
Recent Merger And Acquisition Activity Back to top
  • Recent M&A Activity
  • Dates and Amounts
  • Status
  • Clipper Windpower Plc
        acquired & absorbed by United Technologies Corporation
  • Total amount offered: $111.9 million
    M&A Close Date: DEC-10
        Posting Date: 10/18/2010
  • Completed
  • GE Security Inc.
        acquired by United Technologies Corporation
        from General Electric Company
  • Total amount offered: $1.82 billion
    M&A Close Date: MAR-10
        Posting Date: 11/12/2009
  • Completed
Definition of Merger Status Terms
Pending: The companies involved have reached an agreement on the terms of the merger transaction.
Transactions remain in this status pending shareholder and/or regulatory approval.
Closed: The companies have completed all transactional agreements. Corporate updates are currently in progress.
Completed: All companies involved in the transaction have been updated to reflect post-merger organizational changes.
Cancelled: Previously announced transactions have been revoked and/or abandoned. Cancelled deals will be posted for 60 days.
Hierarchy Back to top
 United Technologies Corporation - Corporate Hierarchy
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Click to hide the children for this parentUTC Power Corporation (South Windsor, CT)
Clipper Windpower, Inc. (Carpinteria, CA)
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 Legend:   Parent Parent Subsidiary Subsidiary Branch Branch Division Division Group Group Holding Holding Joint Venture Joint Venture Plant Plant Unit Unit  

Corporate Affiliations is compiled by the LexisNexis Business Data Group.