United Technologies is the leading company when it comes to the development of and innovation in technology. The company has been focusing on investing in new developments that would transform the world as we know it. They are currently working on the innovation of air travel, space travel, and things in between. One of the most recent improvements that they made is with the aircraft engine, which they call the “Geared Turbofan Engine” or GTF for short. The GTF reduces the aircraft’s fuel burn by 16%, the emissions by 50% and the noise footprint by 75%. This is a major change in the airline industry, as planes are becoming for environment friendly. Major airlines have already purchased these engines and installed them on their aircrafts, making sure that the future of air travel will be safer and greener.
United Technologies believe that by investing time and money to ideas and concepts, they can soon become a reality that would help the people of the future. The GTF engine, for example, costed the company at least $10 billion just for its design and the development. But, this amount can be slowly recovered because airlines are now purchasing it for a great price. United Technologies is also believing in the capacity of the new generation to drive the world into the future that everyone has dreamed of – a place where life is easier and better. The company is investing in the new generation by sending them to schools as scholars, learning courses that would help them contribute something to the company. United Technologies managed to send thousands of people around the world to schools, and they have contributed significantly to the development of today’s technology.
Louis R. Chenevert, once the chairman and the chief executive officer of United Technologies, have also stated that the future of the world is now in the hands of the younger generation and everyone must support them to create the world that we have long dreamed of. Under the leadership of Louis R. Chenevert, United Technologies managed to become a stronger technology company, gaining more clients, including the United States Military. Through their technologies, the world have become better, but United Technologies stated that only time will tell when they will stop innovating.