Top 10 Defence Companies: United Technologies #10
Bringing up the rear of the top 10 largest defence companies is United Technologies.
United Technologies is a huge conglomerate with a diverse portfolio of companies and operates in many sectors. In 2011, the defence company’s military sales accounted for 20% of total sales, which are mainly derived from missile systems and military helicopters, including the UH-60 Black Hawk helicopter.
Based in Hartford, Connecticut, UTC’s primary defence businesses include the engine maker Pratt & Whitney, helicopter manufacturer Sikorsky Aircraft, and the recently formed UTC Aerospace Systems.
The company has its roots as the United Aircraft Corporation , which manufactured aircraft from 1934. It later became United Technologies Corporation in 1975.
Here are some stats and facts based on the most recent financial data:
Arms sales (US$ m.) 11,640
Total sales (US$ m.) 58,190
Total profit (US$ m.) 5,347
Total employed 199,900
Ticker symbol NYSE: UTX
CEO Louis R. Chënevert
Based on data from the Stockholm International Peace Research Institute (SIPRI)