What is United Technologies? Raytheon Technologies Corporation was a multinational corporation based in Waltham, Massachusetts before it was absorbed by United Technologies Corporation. The corporation was one of the leading aerospace and defense manufactures in the world in terms of market cap and revenue. It also has services and products ranging from aircraft, submarines, missile systems, weapons systems, satellites, space shuttles, and computer technology.
The aerospace and defense industry provides many jobs in Waltham. There are several major contractors that have their factories in Waltham as well as subcontractors around the country. Some of these contractors include Grumman, Northrop, Boeing, Raytheon, and Crowsnest International. Among these contractors, United Technologies offers services such as building systems, components, systems integration, military propulsion, and electronics. It also offers programs such as Bespoke Engineering, which designs and builds aircraft engines and associated components.
Raytheon is a subcontractor to United Technologies. The company produces laser beam guided air and missile defense systems for the United States Department of Defense. Bespoke engineering is a term used for building systems from a variety of suppliers, rather than building from a single source. Bespoke building systems allow an individual to select the parts that he needs for his aircraft engines, rather than selecting components from a set of suppliers.
United Technologies Corporation Contractors
The other major contractor of United Technologies Corporation is their aerospace plastics division. This division sells plastic parts for use in both commercial and military aircraft. What is the worst business segment for United Technologies? Their plastics division, which accounts for over 30% of the company’s revenue.
A relatively new and small company in the aerospace products industry, Air Liquide, sells parts to the general aviation markets. What is the worst business segment for Air Liquide? Their residential product offerings. They sell parts for trainer jets, commuter planes, light sport aircraft engines, general aviation engines, airplane kits, and accessories to name a few. Their products are not particularly well known to consumers.
One of the larger aerospace companies is Honeywell. They are a very experienced company with a long history in building and designing aircraft engines. What is the worst business segment for Honeywell? Their commercial airplanes building system. Honeywell has also diversified into a home building business as well.
The third largest aerospace company in United Technologies is Northrop Grumman. Northrop Grumman is a very successful company based out of San Diego, California. What is the worst part of Northrop Grumman’s business model? Their arms sales. The United States Military and United States Air Force are very big buyers of their products.
Now, if you are going to start a company in aerospace, you are going to need to understand this information about the two companies discussed above. Without a solid understanding of what is united technologies, you will find it very difficult to build a good business from the ground up.