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Business/Financial

United Technologies Plans $15 Billion In New Investments

By Cal Biesecker

Wednesday, May 23rd, 2018

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United Technologies Plans $15 Billion In New Investments

UTC Chairman and CEO Gregory Hayes. Photo: UTC

United Technologies Corp. [UTX] on Wednesday announced $15 billion in new investments across its companies and portfolios to bolster its digital strategy and increase its manufacturing capacity and efficiencies to keep pace with growth in the U.S. and worldwide.Over five years investments will be made in research and development, accounting for $9 billion, aimed at accelerating the company’s digital strategy, and capital expenditures, $6 billion, which is going toward innovation in manufacturing. Smart factories and 3D manufacturing are among the…

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