United Technologies Corp: Dow Jones 2013
United Technologies Corporation, or UTC, produces unique advanced technology products and provides service to the global aerospace and building systems industries. This Dow Jones company produces a broad range of technologically advanced products like aircraft engines, helicopters, HVAC (heating, ventilation, and air conditioning systems), fuel cells, elevators and escalators, fire and security advancements, building systems, and industrial products. UTC is also a large military contractor; producing missile systems and military helicopters. Beginning as a risky elevator business in New York City, United Technologies Company has expanded to a multinational manufacturing business that is considered a leader in cutting edge technology in a diverse range of categories. United Technologies has changed immensely since 1853 when Elisha Otis sold his first safety elevator marking the start of his sole proprietorship known then as the Otis Elevator Company. Throughout the past 160 years, this company expanded more each year. By 1934, the company became a corporation know as United Aircraft Company. Four years later in 1939, United Aircraft was added to the Dow Jones Industrial Average. In 1975, the small elevator business that became a corporation changed the business name to United Technologies Company to connote the span of its products, markets, and activities. Today, UTC is a conglomerate business, owning many major companies. These major companies include Otis Elevator Company, Pratt and Whitney, Sikorsky, UTC Aerospace Systems, and UTC Climate, Controls & Security. UTC is also notable for being a United States military contractor and contributing products such as the UH-40 Black Hawk helicopter. When considering buying stock in any conglomerate, the potential shareholder must fully understand the corporation and what they are investing in. Looking into United Technologies, it is essential to understand that this company is a horizontally merged