United Technologies plans investments of more than $15 billion in research and development (R&D) and capital expenditures (Capex) in the United States over the next five years (2018-2022).
United Technologies will invest about $9 billion towards R&D that will include initiatives to accelerate digital strategy.
The strategy is to transform service capabilities, improve customer experience with intelligent products, drive optimization through smart factory adoption, and develop connected products. It will focus on artificial intelligence and autonomy, hybrid-electric and cybersecurity.
United Technologies will also hire 35,000 people in the next five years. The new hiring will be replacement of retired people and new jobs in line with growth plans. The company has 67,000 employees working in U.S.
Gregory J. Hayes, chairman and CEO of United Technologies, said the company created more jobs in the U.S. than in the rest of the world combined over the past three years.
The company’s investments will create capacity to serve United Technologies’ customers in the aerospace and commercial building industries.
The openings – equally split between production and maintenance roles and professional and managerial positions — are expected to be available across all 50 states with special focus on Connecticut, Florida and Georgia.
United Technologies, a Fortune 100 company, employs more than 200,000 people in more than 75 countries developing products and services for the aerospace and commercial building industries.
