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MarketScreener Homepage  >  Equities  >  Nyse  >  United Technologies Corporation    UTX

UNITED TECHNOLOGIES CORPORATION

(UTX)
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United Technologies : Meet "The Future of Aviation"

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08/12/2019 | 03:22pm EDT

With the number of annual air travelers predicted to increase from 3.8 to 7.2 billion by 2035, scientists and designers around the world have been racing to create sleeker, faster, and more fuel efficient planes.

This was the motivation behind the United Technologies Aerospace Challenge, which prompted bright young minds around the world to band together to design innovative and feasible solutions to upgrade modern aircraft.

The winning team - called 'The Future of Aviation'-consists of four high school students from Mozambique, Egypt, Singapore and the U.K. The group collaborated remotely to design a more aerodynamic and fuel efficient plane that enhances the overall customer experience.

The team won a trip to the United States, where they got the chance to visit United Technologies' Additive Manufacturing Center of Expertise (AMCoE) located inside the Research Center in East Hartford, CT, and learn more about some of UTC's exciting research projects.

Click here to read more about the team's winning design.

Lawrence Binek, principal engineer for the additive manufacturing core technology group at the AMCoE, teaches the students about additive manufacturing.

Students build a model of their winning design using additive technology. .

Students build a model of their winning design using additive technology.

The students stopped by the Drone Zone to fly quadcopters.

Jim Fritz, Executive Director of Strategic Initiatives at Collins Aerospace and a judge for the competition, hosted a Lunch & Learn with the students in the CTO's office space titled The Faraday Cage.

Wondering who the photobomber is on the wall? That's Hippolyte Pixii, who built an early form of alternating current electrical generator, based on the principle of electromagnetic induction discovered by Michael Faraday.

Disclaimer

UTC - United Technologies Corporation published this content on 12 August 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2019 19:21:07 UTC

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Financials (USD)
Sales 2019 76 941 M
EBIT 2019 10 312 M
Net income 2019 6 327 M
Debt 2019 38 135 M
Yield 2019 2,18%
P/E ratio 2019 18,5x
P/E ratio 2020 16,3x
EV / Sales2019 2,01x
EV / Sales2020 1,89x
Capitalization 116 B
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Number of Analysts 20
Average target price 156,78  $
Last Close Price 136,15  $
Spread / Highest target 43,2%
Spread / Average Target 15,2%
Spread / Lowest Target -3,05%
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Gregory J. Hayes Chairman, President & Chief Executive Officer
Michael R. Dumais Executive Vice President-Operations & Strategy
Akhil Johri Chief Financial Officer & Executive Vice President
Paul Eremenko Chief Technology Officer & Senior Vice President
Christine Todd Whitman Independent Director
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