United Technologies 2011 Annual Report Download - page 8

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UNITED TECHNOLOGIES CORPORATION6
GROWTH
HOW DO YOU
GROW A COMPANY
PROFITABLY?
By finding growth opportunities in existing
businesses and making strategic acquisitions
that complement the portfolio and lead to
long-term profitability. We are pursuing
growth on both fronts.
A
MAKING TRANSFORMATIONAL DEALS
In 2011, we announced transformational deals— the agree-
ment to acquire Goodrich Corp. and the agreements with
Rolls-Royce to purchase its share of IAE International
Aero Engines to become the majority shareholder in
the consortium with partners Japanese Aero Engines
Corporation (JAEC) and MTU Aero Engines AG (MTU).
Our proposed $18.4 billion acquisition of Goodrich will
bring complementary products of two great companies
together to oer more intelligent, fully integrated systems
for our aerospace customers. The agreements with
Rolls-Royce position Pratt & Whitney, JAEC, MTU and
IAE to better serve their airline and leasing customers
by oering more competitive, flexible and cost-eective
engine solutions for the Airbus A320 aircraft family. The
new structure also will provide customers world-class
support for the IAE V2500 engine and the Pratt & Whitney
PW1100G-JM series of engines being developed for the
A320neo aircraft.
ORGANIZING AROUND CUSTOMER NEEDS
During the year, we announced a new organizational
structure that will enable us to better serve customers
and maximize our investments in technology. UTC
Climate, Controls & Security, which includes Carrier
and UTC Fire & Security, will provide customers
with advanced commercial and technical solutions,
including fire safety, security, building controls, heating,
ventilating, air conditioning and refrigeration. UTC
Propulsion & Aerospace Systems, which includes
Hamilton Sundstrand and Pratt & Whitney, positions
us to develop integrated propulsion and aircraft
systems for next-generation aircraft.
Pratt & Whitney and Rolls-Royce have agreed to restructure their
participation in IAE International Aero Engines, which provides
the V2500 engine for the Airbus family of aircraft, and to form
a joint venture to develop engines for the next generation of
midsize aircraft.
Q
Canada’s BMO
Financial Group
is piloting an
innovative
building manage-
ment system
by Automated
Logic, a business
of UTC Climate,
Controls &
Security, that
will use our
integrated cool-
ing, heating and
security systems.
BUILDING SOLUTIONS