United Technologies Corporation, sometimes abbreviated as UTC, is an American, international conglomerate which does research, manufacturing, and the development of numerous projects.
The company is involved in numerous areas, including aircraft, engines, aerospace systems, HVAC systems, security, fire escape systems, escalators, elevators, and government projects. In fact, approximately 10% of the company revenue comes from US government projects. UTC is listed on the NYSE under the ticker symbol: UTX.
In 2015, UTC’s Building & Industrial Systems acquired CIAT Group, a large HVAC supplier in France and in 2017, the company bid to acquire Rockwell Collins for $23 billion, not including debt. In 2016, the company had annual revenue of 57.244 billion and more than 201,000 full time employees.