UTC's Continued Commitment to Connecticut to Help Economy: Lamont

FARMINGTON, CT — Connecticut Governor Ned Lamont has had conversations over the past 48 hours with United Technologies Corporation (UTC) CEO Greg Hayes on the company’s continued commitment to Connecticut.

On Sunday, it was announced that UTC, the state's largest employer, and Raytheon Company had agreed to a massive merger. Both companies said the new company, Raytheon Technologies, will be headquartered in the greater Boston metro area.

In a statement released to the media early Tuesday afternoon, Lamont said, “Connecticut punches above its weight in aerospace, defense, engineering and advanced manufacturing. Our highly skilled talent, advanced manufacturing education programs, and ecosystem are ground zero for companies like Pratt & Whitney and Otis. No one is willing to walk away from that.

“In our conversations, Greg commended our work in crafting an honestly balanced budget, delivered on-time, without raising income tax rates. To that end, I’m excited that UTC has agreed to do two things to reinforce their existing presence in our state.

“The first is that UTC intends to make 1,000 new hires at Pratt & Whitney in Connecticut over the next few years. The second is that Otis will remain in Connecticut upon spin-off and they are already hiring new employees for their headquarters in Farmington.

“I’m grateful to Greg’s and UTC’s continued commitment to Connecticut, as well as the skills and ingenuity of our workforce. Our best days are ahead, and while the increasingly global economy requires us to think differently, move quickly, and innovate smartly, we also can’t forget the pillars on which this state was built. With this investment, there will be more good-paying jobs for our families, a stronger state economy, and greater opportunities for all those who call our state home.”