The age-old adage “What you do and choose today determines your tomorrow” is relevant in the business and technology industries as well. United Technology Corporation (UTC) employs this very methodology and concept in how they operate. They’re constantly investing and seeking the most relevant and innovative resources and information that has been developed. This is one of the keys to their success and why they are considered leaders among their constituents. UTC offers a vast array of services for commercial construction, securities, and the aerospace sector, and is committed to investing in high-developmental technology that fosters future expansion. One of the newest pieces of equipment attained by UTC is a Pratt & Whitney Geared Turbofan motor that was recently exhibited in Washington, D.C. The allotment of this engine has been in the making for over twenty years while funds were being accrued and plans were being designed. The project cost over ten billion dollars, but the benefits far outweigh the cost. Jet engine fuel emission is now reduced by 16% and noise reduction by 75%. Over 72 aircraft carriers now use the engine, which creates a significant positive environmental change.
Louis Chenevert was the former CEO and Chairman of UTC, having been hired in March of 2006. He has had a long and successful career. Previously, he worked for Pratt & Whitney in Canada and United States. In his early career, Chenevert worked for general Motors and served as Vice-Chairman of the Executive Committee of the Business Council. He currently works in the banking sector at Goldman Sachs with vested interest in the aerospace and manufacturing industry. Louis has been recognized for his astute business acumen with many accolades. The National Building Museum recognized him with the Honor Award in 2009 and two years later he received a doctorate honoris causa from HEC Montreal, which is the top distinction a person can receive for their field of knowledge. That same year, Chenevert was given the title of “Person of the Year” by Aviation Week and Space Technology magazine. Louis has led a highly successful career as a manufacturing expert and has greatly contributed to the aerospace and Industrial sector.