United Technologies Corporation

What United Technologies Corporation does

United Technologies Corporation was an American industrial conglomerate founded in 1929 and headquartered in Hartford, Connecticut, that operated through several major divisions including Carrier (HVAC), Otis (elevators and escalators), Pratt & Whitney (aircraft engines), and Collins Aerospace (avionics and aerospace systems). Under CEO Louis Chênevert (2008–2014), UTC delivered approximately 12% average annual returns and executed the landmark $18.4 billion acquisition of Goodrich in 2012, reshaping its aerospace portfolio. The company historically generated revenue through long-cycle B2B sales of high-technology aerospace and industrial equipment to OEMs, airlines, militaries, and government customers, with substantial aftermarket MRO and service streams tied to its installed base.

In 2020, United Technologies merged with Raytheon to form Raytheon Technologies Corporation, a transaction valued at approximately $74 billion that combined UTC's Collins Aerospace and Pratt & Whitney businesses with Raytheon's defense operations. The combined entity rebranded to RTX Corporation in July 2023. As of 2026, RTX operates three core segments—Collins Aerospace (avionics, interiors, mission systems, and actuation), Pratt & Whitney (commercial and military jet engines, including the Geared Turbofan family), and Raytheon (missiles, air defense systems, sensors, and combat systems)—with approximately $85–88.6 billion in annual revenue, a record $268 billion backlog, and operations spanning North America, Europe, Asia-Pacific, the Middle East, and Latin America. UTC itself ceased to exist as an independent entity following the 2020 merger, and its stock (NYSE: UTX) is now delisted, with the successor trading as NYSE: RTX.

Name

United Technologies Corporation

Legal name

RTX Corporation

Website

https://utc.com

Company type

Public

Founded year

1929

Operating status

Acquired

Headcount range

5,001–10,000 employees

Short description

RTX Corporation (legal successor to United Technologies Corporation) is a global aerospace and defense company operating through Collins Aerospace, Pratt & Whitney, and Raytheon, serving commercial airlines, militaries, and governments with aircraft engines, avionics, and defense systems.

Ownership category

akta.pro rank

Product category

Aerospace and Defense Systems

NAICS

Guided Missile and Space Vehicle Manufacturing (336414), Guided Missile and Space Vehicle Propulsion Unit and Propulsion Unit Parts Manufacturing (336415), Aerospace Product and Parts Manufacturing (33641), Other Aircraft Parts and Auxiliary Equipment Manufacturing (336413), Other Guided Missile and Space Vehicle Parts and Auxiliary Equipment Manufacturing (336419)

SIC

Guided Missiles & Space Vehicles & Parts (3760), Aircraft Engines & Engine Parts (3724), Search, Detection, Navagation, Guidance, Aeronautical Sys (3812), Aircraft (3721)

akta.pro primary industry

Military Aerospace Engines & Propulsion (IMABAMAD)

akta.pro secondary industries

Guided Missile & Rocket Manufacturing (IMABAHAA), Spacecraft & Satellites (Civil/Commercial) (IMABACAB)

Keywords

• Aerospace systems
• Aircraft engines
• Defense systems
• Avionics and interiors
• Missile defense

Headquarters

HQ city

Hartford

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Core offering

RTX Corporation (formerly United Technologies Corporation) designs, manufactures, and supports advanced aerospace and defense systems through three core business segments. Collins Aerospace provides airframe systems, avionics, cabin interiors, mission systems, and power and control systems. Pratt & Whitney manufactures jet engines for commercial, military, business, and regional aircraft, including the Geared Turbofan (GTF) engine family. Raytheon delivers defense technologies including missiles, air defense systems, sensors, radars, and combat systems. The company also operates a substantial aftermarket MRO service business across all three segments.

Product overview

RTX Corporation (formerly United Technologies Corporation, merged with Raytheon in 2020) operates three industry-leading business segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace provides integrated aerospace systems including avionics, cabin interiors, and mission systems. Pratt & Whitney manufactures aircraft engines including the Geared Turbofan (GTF) engine family. Raytheon delivers defense technologies including missiles, air defense systems, and sensors. The company also maintains a significant aftermarket services and MRO (maintenance, repair, and overhaul) business across its segments.

Differentiator

Problem solved

Functional benefit

Products and services

• Collins Aerospace Major aerospace systems and services business segment offering airframe systems, avionics, cabin interiors, mission systems, power and control systems, and aftermarket services for commercial, military, and business aviation customers.
• Pratt & Whitney Aircraft engine business segment manufacturing jet engines for commercial, military, business, and regional aircraft, including the Geared Turbofan (GTF) engine family, for global airline, military, and business aviation customers.
• Raytheon Defense business segment providing missiles, air defense systems, sensors, radars, combat systems, and advanced defense technologies for global military and government customers.
• Geared Turbofan (GTF) Engine Family Geared Turbofan engine family of jet engines for commercial, military, business, and regional aircraft, produced by Pratt & Whitney, advanced and championed during Louis Chênevert's tenure as UTC CEO.

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Rolls-Royce plc: Rolls-Royce is a U.K.-based major aircraft engine manufacturer with civil aerospace, defense, and power-systems businesses. It directly competes with Pratt & Whitney in large commercial and military engines and with Raytheon in certain defense propulsion programs.
• The Boeing Company: Boeing is the largest U.S. commercial aircraft OEM and a major defense prime. It directly overlaps with RTX on commercial aviation platforms, defense programs, and services/MRO, and is a key customer of Pratt & Whitney and Collins Aerospace.
• Lockheed Martin: Lockheed Martin is a U.S. defense prime with major franchises in missiles (JASSM, PAC-3, THAAD), aerospace, and rotary-wing. It directly competes with the Raytheon segment in air-and-missile defense and with Collins on avionics and mission systems.
• Northrop Grumman: Northrop Grumman is a U.S. defense prime in aerospace, missiles, and radar/sensors. It overlaps with the Raytheon segment across missile defense, radars, and mission systems and is a direct competitor for many U.S. and allied defense programs.
• GE Aerospace: GE Aerospace is one of the world's two largest commercial aircraft engine OEMs (CFM joint venture with Safran, GE9X, GEnx). It is the closest direct peer to Pratt & Whitney and overlaps with Collins on engine-driven avionics and systems.
• Safran S.A. Safran is a French aerospace propulsion and equipment group (LEAP engine via CFM, helicopter turbines, nacelles, avionics). It is a direct peer to Pratt & Whitney in commercial engines and to Collins Aerospace in aircraft equipment and systems.
• BAE Systems plc: BAE Systems is a U.K./global defense prime in air, maritime, land, and cyber. It is a direct competitor with Raytheon in missiles, electronic systems, and combat platforms, and overlaps with Collins on avionics and mission systems.
• L3Harris Technologies: L3Harris is a defense electronics and communications specialist. It competes with Collins Aerospace and Raytheon in avionics, mission systems, space, and electronic warfare, particularly for U.S. and allied government customers.

Broad incumbents

• Honeywell International: Honeywell is a large diversified industrial with major aerospace (engines, avionics, APUs, lighting) and automation businesses. It is a broad incumbent across Collins Aerospace's portfolio and competes with both Pratt & Whitney and Raytheon in adjacent aerospace/defense niches.

Emerging players

• TransDigm Group: TransDigm is a niche-focused aerospace components supplier with high-margin proprietary parts. It overlaps with Collins Aerospace and the legacy Goodrich portfolio in aircraft systems and components but operates a focused, financial-engineering model rather than a broad-systems model.

Market position

Strengths1 record

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/UTC
• YouTubeyoutube.com/@RTXCorporation
• Facebookfacebook.com/rtxcorporation
• LinkedInlinkedin.com/company/united-technologies
• Instagraminstagram.com/rtxcorporation

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A10 records

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about United Technologies Corporation