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Wine, a veteran of AlliedSignal , Danaher and United Technologies, joined the company as CEO in September 2008, just two weeks before Lehman Brothers collapsed.
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United Technologies is also a great company with a stable full of leading businesses.
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Otis elevators and escalators is the largest business division of United Technologies, constituting nearly 30% of the overall company value according to our analysis.
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After the company was sold in 1979 to conglomerate United Technologies, its corporate headquarters--and many high-end executive jobs--relocated to Connecticut.
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United Technologies is a fuel cell leader, and David Parekh, director of the United Technologies Research Center, says that expertise has allowed the company to improve the energy density of a standard flow battery by 10 times, albeit on a small scale.
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Among the largest underlying components of XLI, in trading today General Electric Company ( GE) is up about 1.1%, and United Technologies Corporation ( UTX) is up by about 1.4%.
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Fellow blue-chip United Technologies got a lift from strong earnings of its own, and investors brushed aside a shaky forecast from the company to send shares up 6.1%.
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