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United Technologies: Conglomerate Relies on Cyclical Growth Factors
Investing in any conglomerate requires that an investor do some homework to fully understand it. There are many facets to diversified companies, with business units often being added or sold off
United Technologies Corporation (NYSE: UTX)
United Technologies Corporation (NYSE: UTX) is an American multinational conglomerate based in Hartford, Connecticut, and is the 20th largest U.S. manufacturer.
United Technologies Corporation is a $48 billion company that researches, develops, and manufactures products in numerous areas, including aircraft engines, helicopters, heating and cooling, fuel cells, elevators and escalators, fire and security, building systems, and industrial products, among others.
United Technologies Corporation is also a large military contractor, producing missile systems and military helicopters, most notably the Black Hawk Helicopter. In 2005, it received over 5 billion dollars in military contracts. George David is the current CEO.
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