2018 U.S.-Booked Air
Volume: $137 million
Primary Car Rental Supplier: Avis
United Technologies’ diverse business portfolio—the
contractor and conglomerate manufactures aircraft engines, elevators,
escalators and other products for both the consumer and military
markets—generated $66.5 billion in revenue in 2018, up 11 percent from 2017.
Meanwhile, it’s U.S.-booked air volume increased 10 percent from 2017’s $124
million. The company expects the figure to rise 9 percent this year. It’s
primary U.S. travel management companies are American Express Global Business
Travel and BCD Travel.
Major changes are underway at UTC, the parent company of
Pratt & Whitney aircraft engines and Otis elevators, among others. In
November 2018, it closed a $30 billion deal to acquire aerospace tech firm
Rockwell Collins and subsequently announced plans to split into three
companies. UTC in June 2019 announced plans to merge with fellow CT 100 defense
contractor Raytheon in a deal worth more than $100 billion. The separation of
the Otis elevator and the Carrier HVAC and refrigeration units into stand-alone
businesses is expected to take place in 2020, before any merger of UTC and
Raytheon. UTC set a corporate goal in 2015 to reduce its greenhouse gases
emitted as a result of business travel 15 percent by 2020. The company tallied
about 103,500 metric tons of carbon dioxide equivalent due to business air
travel and car rentals in 2017, the most recent figure available. That’s about
6 percent lower than its 2015 figure, putting it on track to meet the goal. Net
sales increased about 11 percent in 2018 to $66.5 billion. The company had
240,200 employees at year-end, up from 204,700 a year earlier, reflecting the
addition of 30,000 Rockwell Collins employees.