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United Technologies
United Technologies Corporation (UTC) was an American multinational conglomerate headquartered in Farmington, Connecticut. It researched, developed, and manufactured products in numerous areas, including aircraft engines, aerospace systems, HVAC, elevators and escalators, fire and security, building automation, and industrial products, among others. UTC was also a large military contractor, getting about 10% of its revenue from the U.S. government. Gregory J. Hayes was the CEO and chairman. In April 2020 UTC merged with the Raytheon Company to form Raytheon Technologies. History Pre-1970s 1970s and 1980s In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft.. He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous high tech fields beyond aerospace.. (The change became official on May 1, 1975.) The diversificat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange ( listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elevator
An elevator or lift is a cable-assisted, hydraulic cylinder-assisted, or roller-track assisted machine that vertically transports people or freight between floors, levels, or decks of a building, vessel, or other structure. They are typically powered by electric motors that drive traction cables and counterweight systems such as a hoist, although some pump hydraulic fluid to raise a cylindrical piston like a jack. In agriculture and manufacturing, an elevator is any type of conveyor device used to lift materials in a continuous stream into bins or silos. Several types exist, such as the chain and bucket elevator, grain auger screw conveyor using the principle of Archimedes' screw, or the chain and paddles or forks of hay elevators. Languages other than English, such as Japanese, may refer to elevators by loanwords based on either ''elevator'' or ''lift''. Due to wheelchair access laws, elevators are often a legal requirement in new multistory buildings, espec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elmira-Corning Regional Airport
Elmira Corning Regional Airport is in Chemung County, New York, seven miles northwest of Elmira and eight miles east of Corning. It is in the town of Big Flats but its mailing address is Horseheads, New York. The airport was formerly Elmira Regional Airport. Situated just north of the Southern Tier Expressway ( Interstate 86), the airport serves the Southern Tier of New York and Northern Tier of Pennsylvania with airline flights, general aviation, and glider activities. Other airports in the area include Greater Binghamton Airport and Ithaca Tompkins International Airport, with Greater Rochester International Airport and Syracuse Hancock International Airport lying farther afield. Facilities The airport covers at an elevation of 954 feet (291 m). It has three runways: 6/24 is 8,001 by 150 feet (2,439 x 46 m) asphalt; 10/28 is 5,404 by 150 feet (1,647 x 46 m) asphalt; 5/23 is 2,017 by 150 feet (615 x 46 m) turf. The airport had three paved runways about 4000 feet long in a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomson SA
Thomson may refer to: Names * Thomson (surname), a list of people with this name and a description of its origin * Thomson baronets, four baronetcies created for persons with the surname Thomson Businesses and organizations * SGS-Thomson Microelectronics, a electronics manufacturer * Various travel subsidiaries of TUI Group: ** Thomson Airways (now TUI Airways), a UK-based airline ** Thomson Cruises (now Marella Cruises), a UK-based cruise line ** Thomson Holidays (now TUI UK), a UK-based travel company ** Thomsonfly, a former UK airline, formerly Britannia Airways *Thomson Directories, local business search company and publisher of: ** Thomson Local, the UK business directory * Thomson Multimedia, former name of Technicolor SA, a French multinational corporation * Thomson Reuters, Canadian media and information services company ** Thomson Corporation, former name of the company prior to its 2008 merger with Reuters ** Thomson Financial, former business division of Thomso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gould Electronics
Gould Electronics Inc. was a manufacturer of electronics and batteries that branched into other fields before being partially absorbed in 1988 by Nippon Mining (now JX Holdings) and closed by them in 2014. History Gould was founded in 1928 and at some point was based in Chandler, Arizona. Some time in the 1950s or beyond it became involved in the semiconductor industry, making printed circuit materials for use by electronics manufacturers. Having acquired Systems Engineering Laboratories Gould became involved in the Superminicomputer computer business. From 1977 to the mid-1980s the company owned the Modicon brand of programmable logic controller, today owned by Schneider Electric. This was in a phase where the company became a mini- conglomerate, with a diverse portfolio of industrial interests. In 1985, Gould, Inc. employed 21,000 worldwide and had sales of 1.4 billion, most of which came from its electrical and electronics products and components, and its defense sy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Knight (business)
In business, a white knight is a friendly investor that acquires a corporation at a fair consideration with support from the corporation's board of directors and management. This may be during a period while it is facing a hostile acquisition from another potential acquirer ( black knight) or it is facing bankruptcy. White knights are preferred by the board of directors (when directors are acting in good faith with regards to the interest of the corporation and its shareholders) and/or management as in most cases as they do not replace the current board or management with a new board, whereas, in most cases, a black knight will seek to replace the current board of directors and/or management with its new board reflective of its net interest in the corporation's equity. The first type, the white knight, refers to the friendly acquirer of a target firm in a hostile takeover attempt by another firm. The intent of the acquisition is to circumvent the takeover of the object of i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mostek
Mostek was a semiconductor integrated circuit manufacturer, founded in 1969 by L. J. Sevin, Louay E. Sharif, Richard L. Petritz and other ex-employees of Texas Instruments. At its peak in the late 1970s, Mostek held an 85% market share of the dynamic random-access memory (DRAM) memory chip market worldwide, until being eclipsed by lower-priced Japanese DRAM manufacturers who were accused of dumping memory on the market. Initially Mostek products were manufactured in Worcester, Massachusetts in cooperation with Sprague Electric, however by 1974 most of its manufacturing was done in the Carrollton, Texas facility on Crosby Road. In 1979, soon after its market peak, Mostek was purchased by United Technologies Corporation for . In 1985, after several years of red ink and declining market share, UTC closed Mostek completely and sold it for to the French electronics firm Thomson-CSF, which later spun it off into STMicroelectronics. Early Products Mostek's first contract was from ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carrier Corporation
Carrier Global Corporation is an American multinational heating, ventilation, and air conditioning (HVAC), refrigeration, and fire and security equipment corporation based in Palm Beach Gardens, Florida. Carrier was founded in 1915 as an independent company manufacturing and distributing HVAC systems, and has since expanded to include manufacturing commercial refrigeration and food service equipment, and fire and security technologies. As of 2020, it was an $18.6 billion company with over 53,000 employees serving customers in 160 countries on six continents. Carrier was acquired by United Technologies in 1979, but it was spun off as an independent company 41 years later in 2020, as was the Otis Elevator Company. History Willis Carrier is credited with inventing modern air conditioning in July 1902. In 1908, the Carrier Air Conditioner Company of America was created as a subsidiary of the Buffalo Forge Company, with Willis Carrier as its vice president. With the onset of Wor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
High Tech
High technology (high tech), also known as advanced technology (advanced tech) or exotechnology, is technology that is at the cutting edge: the highest form of technology available. It can be defined as either the most complex or the newest technology on the market. The opposite of high tech is ''low technology'', referring to simple, often traditional or mechanical technology; for example, a slide rule is a low-tech calculating device. When high tech becomes old, it becomes low tech, for example vacuum tube electronics. The phrase was used in a 1958 ''The New York Times'' story advocating "atomic energy" for Europe: "... Western Europe, with its dense population and its high technology ...." Robert Metz used the term in a financial column in 1969, saying Arthur H. Collins of Collins Radio "controls a score of high technology patents in a variety of fields." and in a 1971 article used the abbreviated form, "high tech." A widely used classification of high-technological manuf ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Litton Industries
Litton Industries was a large defense contractor in the United States named after inventor Charles Litton Sr. During the 1960s, the company began acquiring many unrelated firms and became one of the largest conglomerates in the United States. At its peak, in addition to many defense-related companies, it also owned both Royal Typewriters and Adler, Moffat major appliances, Stouffer's frozen foods, and various office equipment and furniture companies. Like many conglomerates, the company suffered significant declines in the 1970s, selling off many of its unrelated brands and had largely returned to its defense roots by the 1980s. The company continued to shrink after the ending of the Cold War and by the late 1990s was a corporate takeover target. The company was purchased by Northrop Grumman in 2001. History Litton Industries was originally established as an electronics company building navigation, communications and electronic warfare equipment. They diversified and bec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harry Gray (business)
Harry Jack Gray (November 18, 1919 – July 8, 2009) was an American business manager and philanthropist, best known as CEO and chairman of United Technologies. He was born Harry Jack Grusin in Milledgeville Crossroads, Georgia. His mother, Bertha Grusin, died of cancer when he was six years old. He went to live with his older sister, Gussie, in Chicago, Illinois. His father's business failed when he was eight, and he financed his college education at the University of Illinois with multiple jobs that included washing dishes, waiting tables, and stoking a boarding-house furnace. He graduated with a journalism degree in 1941, and immediately joined the U.S. Army. His service included a year in the U.S. and three and a half years overseas during World War II. He received the Silver Star for valor in the Battle of the Bulge, and was discharged as a captain. Gray resumed his studies at U of I, completing a master's degree, with high honors, in 1947. He changed his last name to Gr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
