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Lamont: Otis will remain in CT, UTC to hire 1,000 people at Pratt & Whitney

United Technologies will hire 1,000 people in its Pratt & Whitney unit. Otis Elevator Co. will retain its headquarters in Connecticut following a planned spin-off Next year, Governor Ned Lamont said on Tuesday:

The moves follow UTC's announcement that the aerospace giant is working with Raytheon Co., the maker of Rockets and spyware, merge and relocate the head office of the newly formed $ 100 billion company to the Boston subway.

It comes as a comfort and then perhaps some to a state that was shaken by the UTC news. However, Lamont said in an interview that the moves were not presented to compensate for the loss of UTC's headquarters that would occur by mid-2020 if the Raytheon deal were approved.

"That's just normal for them," Lamont said, pointing out that UTC is pleased with Connecticut's economic direction.

Pratt currently has about 13,000 jobs in East Hartford and Middletown and has in recent years vigorously hired employees as work on the engines for the F -35 Joint Strike Fighter and the gear-driven commercial turbofan engines increases.

Many people in Connecticut believed Otis in Farmington would leave the state after his split from UTC, which is expected in the early months of 2020. Carrier, UTC's Air The Department of Climate and Building Control is also out-of-the-way and headquartered in Florida, but has staff on the UTC campus in Farmington.

Lamont spoke on Sunday evening at the time with Greg Hayes, the managing director of UTC f announcing the merger and again Tuesday morning Lamont said in an interview: "I said, 'Tell me about the decision & # 39 ;, and he was very positive about Connecticut, positive about what we did with our budget, positive about Pratt & Whitney and the attitude of employees. "

] Lamont was unable to say how many of Pratt's 1,000 new hires would be additional and how many vacancies would be filled, but it is certain that most are new jobs that would add to the total.

The Governor All the while, even before he was sworn in on January 9, said he was in close contact with UTC and considered it a high priority to keep the company in Connecticut. In total, UTC has more than 18,000 employees in Connecticut, including several thousand at Collins Aerospace, formerly Hamilton Sundstrand, in Windsor Locks.

"He talked about his commitment to the state of Connecticut," Lamont said of Hayes. For him, new employees at Pratt & Whitney, Otis Elevator, vocational training, the incubator they created, the technical facility … Raytheon has his Headquarters in Massachusetts, and so it came. [19659011] Lamont reported on Hayes' comments: "Congratulations on a budget created without tax hike and on time."

UTC made no immediate comment on the promises of new jobs and the headquarters of Otis ,

The $ 21 Billions Bill signed by the General Assembly, which Lamont will sign, includes some $ 170 million in tax increases and an equal amount of deferred tax cuts and credits. No tax rates will be raised.

"What's happening in Connecticut is positive for him, it has nothing to do with the company's location," Lamont continued, driving away people and businesses. The Connecticut Mirror released a story before the 2018 election that said one UTC board member heard at a party that UTC was going to vote in a Lamont election. The board member declined to comment when Mark Pazniokas of The Mirror asked him about it.

"Connecticut goes beyond weight in aerospace, defense, engineering, and advanced manufacturing," Lamont said in a written statement. "For companies like Pratt & Whitney and Otis, our highly skilled employees, manufacturing education programs and ecosystem are invaluable. Nobody is ready to break away from it.

Since UTC maintains a lean corporate headquarters, with most executives assigned to its operational units, the exit to Massachusetts – as part of the creation of Raytheon Technologies – is expected to cost Connecticut approximately 100 jobs.

Some of them are among the company's highest paid jobs, but growing jobs at Pratt and a global Otis headquarters in Connecticut more than offset this economically. What is lost when the merger occurs is the prestige, philanthropy, and local commerce associated with the domicile of a Dow Jones Bellwether corporation – along with the history that UTC was founded in 1929 in East Hartford and has since become synonymous for aviation is.

Otis is not a small company in itself, with global sales of approximately $ 12.5 billion, and the most international of UTC's four divisions. Founded in 1853 by Elisha Otis in Yonkers, NY, the company was acquired in 1976 as part of a hostile takeover by UTC.

It is not clear how many employees currently reside at Otis headquarters and how many they would deal with as freelance, public employees traded corporation. Otis also has a test center in Bristol and a service and supply facility in Bloomfield with several hundred employees.

The merger of UTC and Raytheon is an exchange of shares, ie it is not a sale, but a tax-free combination of society to another. This could be one reason why UTC had to agree to relocate its headquarters to the Boston subway. With no premium paid to Raytheon shareholders, the site is part of the sweetener that will bring the business to fruition.

Raytheon Technologies would be based in or near the current Raytheon headquarters in Waltham, Massachusetts. The merger is subject to several regulatory approvals, which is not self-evident because Raytheon would be one of the last remaining major defense companies.

Lamont was not sure if he spoke to Hayes shortly before or shortly after announcing the contract with Raytheon. "He talked to me before talking to Donald Trump, so we did well. So, Donald.

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