United Technologies Corporation

I think the more interesting, I heard the story about why RTX got the name RTX.

So originally, you know, okay, it's United Technologies.

Who knows United Technologies? No, you really know it by Sikorsky, Pratt & Whitney, Carrier, Otis.

You know, those are really the main brands.

Well, when the merger came about between UTC and Raytheon, one of the initial notions was maybe we just call this thing Raytheon.

But that kind of points to the, you know, multi-sector, you know, nature of this.

And God knows you'd say the same thing for Chinese companies, European companies as well, too, so.

Of course, those of us who are historically minded understood where United Technologies came from, which was United Airlines, United Technologies, Boeing, and

We eventually, eventually worked.

And then I learned that in some places, in, in United Technologies, for instance, in the US, they are solving numerically the partial differential equation, so they don't need analytic expression.

Mm-hmm.

Mm-hmm.

There is substantial talent here, but also experience not there.

The guys who, for example, work at United Technologies, Pratt & Whitney, Rolls-Royce.

These are the guys who should come back into the stream here.

An effort should be made to bring them back to work with the current teams here to develop capability.

One is what's called asset-based valuation, sum of the parts value, where you value pieces of companies, add them all up.

You know, you take a multi-business company like United Technologies, you value each piece, or Disney, you value theme parks, you value broadcasting.

But I'm also going to dig deeper.

What if you have a company like Netflix? Can you value a subscriber? Can you value a user to Uber? And because with subscriber, user, customer-based companies.

And so, uh, I ultimately decided to get out.

Uh, I had a rank of captain, and wound up, uh, getting a position with- within a conglomerate company called United Technologies up in the Northeast, living in Boston.

Okay.

They had a company called Carrier, well, known for air conditioning.

Took an advanced placement course and had a great high school teacher and kind of got the interest in environmental stewardship and what I could do.

And I said, "Hey, I want to study that." And studying environmental studies in college led to internships with United Technologies and great corporation to kind of learn from and get some really good foundational kind of EHS practices under my belt, and that just continued to breed, you know, after those internships for multiple summers into future opportunities, you know, after graduation, and then the rest is history.

So where did you go to college initially, and then tell us about the travel and, you know, you're a long way from home up in PA, so-

Well, I did-

I read that, too, and having spent 35 years, you know, all but 10 of them in manufacturing, I worked for an aerospace company.

United Technologies you know you source not always just based on the lowest price but you're sourcing a component and then an assembly and you know you follow that supply chain down six seven levels and you know years ago right this it's not like it's all vertically integrated I mean you just can't afford to do that anymore so that doesn't really surprise me And the question is, there's a term, I forget it at the moment, but there's a question where you don't want to stack terrorists on top of terrorists on top of terrorists.

But, you know, it can be an issue.

That's why freight calls.

A couple of years ago, probably 10 years ago, there was a pretty significant little debate about.

commercial items, things like avionics products that were supplied by companies like Rockwell Collins and today Honeywell, United Technologies.

These are aircraft engine parts or avionics that the department was buying, but they were being sold on commercial terms.

And so the margins could be pretty high on that.

Additionally, he created the first two covers of New York Magazine.

Maisel spent twelve years shooting ad campaigns for United Technologies.

Numerous awards included lifetime achievement honors from the International Center of Photography, the Lucie Foundation, the American Society of Media Photographers, and the Art Directors Club Hall of Fame, among others.

He wrote several major books, including Light, Gesture, and Color in twenty fourteen and It's Not About the F-Stop, also in twenty fourteen.

And I still think, you know, it's going to make it even easier if, and when the day comes that Canada announces they're buying Saab Grippins instead of another, you know, 60 or 70 F-35s, um, you know, where else that kind of falls, you know, lands in the US defense industrial relationship with Canada is hard to say right now.

You know, US contractors are still, they have large operations in Canada, General Dynamics, Textron, Bell, United Technologies, Pratt & Whitney, you know, so Canada is still very important for the US aerospace industry.

And, as a supplier into the U.S. defense sector.

So far, that's been kind of off limits.