First Trade Date for United Technologies Corporation
| Company Name | First Trade Date (yyyy-mm-dd) |
| United Technologies Corporation | 1934-09-05 |
| Company Name | Symbol |
| United Technologies Corporation | UTX |
| History and Business of Company (this information may include date of incorporation) | |
|
United Technologies Corporation was incorporated in Delaware in 1934. The Corporation provides high technology products and services to the building systems and aerospace industries worldwide. Growth is attributable to acquisitions and the internal development of existing businesses of the Corporation. The following description of the Corporation's business should be read in conjunction with Management's Discussion and Analysis of Financial Condition and Results of Operations appearing on pages 2 through 15 of the Corporation's 2003 Annual Report to Shareowners, especially the information contained therein under the heading "Business Environment." The Corporation's operating units include businesses with operations throughout the world. Otis, Carrier and Chubb serve customers in the commercial and residential property industries worldwide. Carrier also serves commercial and transport refrigeration customers. For 2003, commercial and industrial revenues generated by the Corporation (principally Otis, Carrier and Chubb operations) were 61 percent of the Corporation's consolidated revenues. For the third and fourth quarters of 2003, Chubb's revenues were 5 percent and 8 percent, respectively, of the Corporation's total revenues. Pratt & Whitney and the Flight Systems segment, which includes Hamilton Sundstrand and Sikorsky Aircraft ("Sikorsky"), primarily serve commercial and government customers in the aerospace industry and also in industrial markets. For 2003, military aerospace and commercial aerospace revenues were approximately 20 percent and 19 percent, respectively, of the Corporation's total revenues. Revenues for 2003 from outside the United States, including U.S. export sales, were 56 percent of the Corporation's total segment revenues. As worldwide businesses, the Corporation's operations can be affected by a variety of economic and other factors, including those described in Management's Discussion and Analysis of Financial Condition and Results of Operations included in the Corporation's 2003 Annual Report to Shareowners and those described in the "Business" section of this Form 10-K under the heading "Other Matters Relating to the Corporation's Business as a Whole." Each business unit is subject to significant competition from a large number of companies in the United States and other countries, and each competes on the basis of price, delivery schedule, product performance and service. The Corporation's annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and all amendments to those reports will be made available free of charge through the Investor Relations section of the Corporation's Internet website (http://www.utc.com) under the headings "Financials", "SEC Filings" as soon as practicable after such material is electronically filed with, or furnished to, the Securities and Exchange Commission. | |
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