$500 Million Agreement Would Secure UTC's Roots in CT

Pending approval from the state's legislature, the agreement would lead to a new headquarters in East Hartford for Pratt & Whitney.

A rendering of a new Pratt & Whitney headquarters. Credit: Governor Malloy's Office
A rendering of a new Pratt & Whitney headquarters. Credit: Governor Malloy's Office

The state's largest private employer is renewing its commitment to Connecticut under a $500 million agreement announced Wednesday by Gov. Dannel P. Malloy.

Under the agreement, which requires legislative approval, United Technologies (UTC) would invest up to $500 million to upgrade and expand its aerospace research, development and manufacturing facilities over the next five years. 

During the same time period, UTC expects to invest up to $4 billion in research and other capital expenditures in the state, according to a press release from Malloy's office. UTC is the parent company to aerospace giants Pratt & Whitney and Sikorsky Aircraft.

Specifically, the company will: 

  • Construct a new Pratt & Whitney corporate headquarters (in East Hartford), which it will keep in Connecticut for a minimum of 15 years
  • Construct a new Pratt & Whitney worldwide engineering center of excellence in Connecticut
  • Keep Sikorsky corporate headquarters in Connecticut for a minimum of 5 years
  • Create a customer training center at UTC Aerospace Systems (UTAS) in Windsor Locks
  • Build new labs and infrastructure at United Technologies Research Center (UTRC)
  • Invest in new research projects and capital investments at Pratt & Whitney, Sikorsky, UTAS and UTRC

Construction on the projects could begin this year and continue through 2018, if the agreement is approved. 

“United Technologies’ aerospace businesses, and in particular Pratt & Whitney and Sikorsky, have long and proud histories of innovation in Connecticut,” United Technologies Chairman & CEO Louis Chênevert said. “This agreement secures the future of aerospace in Connecticut. It will open a bright new chapter for our aerospace businesses, for our thousands of local suppliers and for the people of Connecticut." 

He continued, "The investments announced today will enable UTC’s aerospace businesses to continue to perform cutting-edge research and development in Connecticut and will provide exciting new opportunities for top engineering and science graduates – including the best and brightest from our state’s colleges and universities.”

“Connecticut has long led the world when it comes to the aerospace industry.  With the agreement we are announcing today, we will ensure that we remain a leader for years to come,” Malloy said. “This is a once-in-a-generation opportunity, one that will make sure we are keeping and creating good-paying jobs with good benefits – not just in the UTC companies, but also in the hundreds of aerospace supply chain companies throughout the state and the region." 

"UTC’s decision to invest now in new facilities in our state is a strong signal of their belief in Connecticut’s talented workforce, commitment to innovation, and determination to build a world-class business climate,” Malloy added.

The release from Malloy's office says the agreement does not require any borrowing or payments by the State of Connecticut, and is expected to create nearly 1,500 construction and other related jobs throughout the initial capital expansion.

If enacted, the legislation will allow exchange of approximately $20 million per year of previously earned but unused tax credits to finance the construction, up to a maximum of $400 million. The exchanged credits will be offset with tax reductions over a 14-year period, with the final amount based on the company’s level of jobs, wages and investments.

If UTC fails to meet any of its obligations under the agreement, the benefits to the company would be either significantly reduced or eliminated. 

“This agreement is great news for our state and our economy, and represents a turning point in Connecticut’s status as a business-friendly state," said Speaker of the House Brendan Sharkey (D-Hamden). "UTC’s impact reaches all corners of Connecticut as both a major employer and corporate citizen. Their history and importance to our state cannot be overstated, and their commitment to keeping Connecticut home is welcome news.”

Paul Alexander February 28, 2014 at 10:32 AM
Porter gladstoneFebruary 28, 2014 at 09:40 AM "Oops No Paul Alexander from Newtown or anywhere in Ct . http://www.archives.gov/research/guide-fed-records/groups/024.html" And exactly WHO are you Porter gladstone? And WHERE are you? And what is your motivation for being here? Are you paid or compensated for any of this nonsense? It is very interesting to me that your first reaction would be to go to a FEDERAL archives website. You seem to think like an outsider. Are you in DC? A local resident would have gone to The Bee archives before some federal website. I think we all need to find out more about YOU!
Newtown High February 28, 2014 at 11:16 AM
ENOUGH of this inane B.S. - PG, are you man enough to admit that you are completely wrong in you slanderous personal attacks on PA, who is a son of Newtown, and is as he claims? Are you completely ignorant, or just totally dishonest? http://newtownbee.com/news/80625
Porter gladstone February 28, 2014 at 11:30 AM
? You ask who i am? I told you quite clearly ..you provide a simple graduation record ( easy as its public info) from usna and ill invite u to my home. Give u all my info. Reveal anything u want. Easy
Porter gladstone February 28, 2014 at 01:22 PM
Im sorry? Did you say something? Ha
Newtown High February 28, 2014 at 02:33 PM
Yes Pussy, I did. . Are you completely ignorant, or just totally dishonest? Let's have an answer from the guy who always wets his pants when he doesn't get answered. When do you apologize to PA?
Paul Alexander February 28, 2014 at 02:33 PM
Porter...saved by the Editor from further self inflictied humiliation. ...and Porter...it's USNA...capitalized. Beat Army!
Paul Alexander February 28, 2014 at 02:37 PM
...and Newtown High...No...PG isnt "man enough" to admit it.
Newtown High February 28, 2014 at 02:51 PM
I know that. He needs to get back on his meds. He's never been to Newtown, couldn't even find Taunton Lake with a GPS. .. Let us know if you need the Army for any further assistance.
Porter gladstone February 28, 2014 at 03:44 PM
Newtown high..im on phone. Cant open link. When i type in the web address is is a 2006 article on gardening. Can you copy and paste article. Thanks. Odd. You signed up today. Odd you know all about me. Hahaha...what a phoney.
Newtown High February 28, 2014 at 03:58 PM
Read the 9th paragraph. If you continue having problems, ask a 6 year old to help you!
Porter gladstone February 28, 2014 at 05:03 PM
What do u think " cant open link means?" Any thoughts?
Newtown High February 28, 2014 at 05:27 PM
you are SO confused, if you can't open link, where did 2006 article on gardening come from? Read On, Read On. LMAO !
Porter gladstone February 28, 2014 at 06:27 PM
Hmmm...as i said im on phone. There was a gardening article when i typed in web address. Then i asked you to copy and paste the relevant article. The mobile version of that article is one paragraph.
Newtown High February 28, 2014 at 06:55 PM
Don't try to pull your Darien/Ridgefield crap here. Do your own work.
Porter gladstone February 28, 2014 at 07:58 PM
oh my god....i read it. Hahahahahahahahahahah oh my. dude. thanks for the laugh. and Paul USNA ha. what a joke you are.
Newtown High February 28, 2014 at 08:09 PM
Care to retract your dumbass statements? Do you admit now that PA was a career Naval Officer? Where is the apology for your scum personal attacks on this gentleman..................... Porter gladstone February 28, 2014 at 09:40 AM Oops No Paul Alexander from Newtown or anywhere in Ct . http://www.archives.gov/research/guide-fed-records/groups/024.html Nothing misleading or false. hahaha
Porter gladstone February 28, 2014 at 10:17 PM
He said he attended the us naval academy. Did he? Where is your apology to me. I never said he wasnt in navy. Come on dude...you gonna show me the class you demanded? Or will you vanish? I was army. Never said i went to west point. Why? I didnt. Now lets see aplogies. Alexander even reiterated on thus thread USNA. because he thought he xould get away with it. There is no record of a paul alexander attending annapololis
Porter gladstone February 28, 2014 at 10:25 PM
You see i dont claim to know about people. I do know newtown isnt on the atlantic ocean. So he lied. ( either not in newtown or not on ocean). He said 1/2 year ago he went to naval academy. Recentlt a trade school. One has to be a lie. And no one of honor ( midshipman) would disown the USNA to make a point.
Porter gladstone February 28, 2014 at 10:29 PM
I offered to reveal my name address and all details if he cud prove he went to naval academy. You guys called me a puss, scum etc. I didnt react. Now lets see what you guys in newtown are made of. Somehow im thinking ill get deleted and u guys will dishonorably vanish. Lets see who is real puss.
Newtown High February 28, 2014 at 10:43 PM
A 1983 graduate of the Naval Academy.......... In PRINT moron............................. Your amazing ignorance is exposed again. But I suppose that in your sick little world it could be a different PA, correct?.... http://www.weddingbook.gr/weddingsuggestions/newsdetails.asp?n=38
Newtown High February 28, 2014 at 10:47 PM
Now, lets have your real name and address. What next from you, President Obama was born in Kenya? LMAO !
Porter gladstone February 28, 2014 at 11:36 PM
Alexander, 46, of Palm City in Martin County, and
Newtown High February 28, 2014 at 11:46 PM
Anyone with an IQ above 20, can add 2 and 2 (The Bee and the wedding book story), and understand that PA, from Newtown, is a USNA grad!....... Get help sicko, grow a pair of balls, and admit you have been exposed as someone who just can't handle the truth.
Brian C. Duffy March 01, 2014 at 12:36 AM
Many anonymous blowhards commenting here. The more anonymous, the more they blow
Daniella Ruiz March 01, 2014 at 06:16 AM
you guys are a kick! keeping thyself anonymouse online is akin to keeping your personal voting choices hidden from the thugs that seek to intimidate and force you to 'vote accordingly'. be careful if you fall for these ploys, or lead into a fruitless unresolvable trap or worse. as for the UTC deal, global or not, the locals end up paying for it. The 'global benefits' don't trickle down to the lowest denominators, even when they sacrifice their lives.
Gerald M. Gaynor March 01, 2014 at 06:36 AM
Perhaps all of the folks spending more time doing investigative research on each other than commenting on the story should meet at dawn with snow balls and settle this like the "Adults" that they are. Getting repetitive notices that yet another salvo in the personal attack saga is getting old.
Porter gladstone March 03, 2014 at 01:52 AM
Gerald M. Gaynor March 03, 2014 at 05:38 AM
The insecurity of the Battling Bickersteins is getting really old...
Concerned March 04, 2014 at 12:25 PM
While I'm all for keeping jobs in the state, how does this $$ help when the army give a big engine contract to Rolls Royce?
Leoj March 04, 2014 at 01:58 PM
Wait until the Feds roll out the budget just released that cuts all military spending ... Will make this job saving move utterly meaningless.


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