United Technologies Corp. Reports Consolidated Unaudited Earnings Results for the Fourth Quarter and Year Ended December 31, 2011
January 25, 2012 at 11:59 am
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United Technologies Corp. reported consolidated unaudited earnings results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported net sales were $14,966 million against $14,864 million a year ago. Operating profit was $1,898 million against $1,853 million a year ago. Income before income taxes was $1,832 million against $1,686 million a year ago. Net income attributable to common shareowners was $1,325 million against $1,199 million a year ago. Diluted per share was $1.47 against $1.31 a year ago. Net cash flows provided by operating activities was $2,012 million against $1,676 million a year ago. Capital expenditures were $378 million against $386 million a year ago.
For the year, the company reported net sales were $58,190 million against $54,326 million a year ago. Operating profit was $8,099 million against $7,186 million a year ago. Income before income taxes was $7,605 million against $6,538 million a year ago. Net income attributable to common shareowners was $4,979 million against $4,373 million a year ago. Diluted per share was $1.47 against $1.31 a year ago. Net cash flows provided by operating activities was $6,590 million against $5,906 million a year ago. Capital expenditures were $983 million against $865 million a year ago.
RTX Corporation (formerly Raytheon Technologies Corporation) is among the world's leading aeronautics and defense groups. Net sales (including intragroup) break down by sector of activity as follows:
- aerial navigation systems (29.3%; Collins Aerospace): manufacturing of electrical, electronical and mechanical systems for aircrafts (compressors, airplane control, etc.), civil and military helicopters, etc.;
- aeronautics (29.2%; Pratt & Whitney): design and manufacturing of civil and military aircraft engines, gas turbines, rocket engines and propulsion systems;
- missile systems, and integrated air and anti-missile defense systems (21.1%; Raytheon Missiles & Defense): design and manufacturing of weapons systems, missiles, munitions, projectiles, radars systems, control and monitoring equipment, communication, information, detection and imaging systems, etc. ;
- aerospace systems (20.4%; Raytheon Intelligence & Space): production of radars, airborne sensors, tactical airborne communications systems, software-defined radio solutions, advanced tactical networking systems, cryptographic systems, real-time sensor networking systems, etc.
Net sales break down by source of revenue between sales of products (76.7%) and services (24.3%).
Net sales are distributed geographically as follows: the United States (86.3%), Europe (5.8%), Asia/Pacific (2.7%), North Africa and Middle East (0.2%) and other (5%).
RTX CORPORATION 
