| United Technologies Corp. | (NY: UTX) |
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May 23, 2013
United Technologies (NYSE: UTX) is a conglomerate that makes products for a number of different industries. It makes most of its money, however, by selling helicopters, aircraft parts, elevators and escalators, and heating and air conditioning systems for buildings. The company earned $53 billion in revenue and $4.2 billion in net income in 2009.[1]
With around two-thirds of its revenues coming from abroad, UTX is a truly international company. UTX is especially focused on emerging markets. It the dominant player in the Chinese elevator market with an impressive three-quarters share of the market. China has about one third of the world's elevators, a number that is increasing and will help UTX's revenue grow.
(Read more at Wikinvest
) - Company Overview
- Business Growth
- FY 2009 (ended December 31, 2009)[1]
- Trends and Forces
- Increasing demand due to surge in offshore drilling
- Changes in Military Conflicts Abroad Affect Military Contracts for Sikorsky, Pratt & Whitney, and Hamilton Sundstrand
- Large Amounts of International Business Expose the Company to Political and Currency Risks
- Fluctuations in Housing and Commercial Real Estate Markets Affect New Construction Revenues for Otis, Carrier, and UTC Fire & Security
- 2010 Layoff Announcements
- Commodity Price Fluctuations drive down Profit Margins
- Exposure to Emerging Markets Drives UTX's Growth
- Competition
- References
