Chenevert has completely changed the aerospace manufacturing industry forever. Never again would any other company in the sector be able to hold a candle to the United Technologies Corporation. He has led them to be the most dominant force and completely own the production of aircraft for both the military and commercial sectors.
The United Technologies Corporation works on a 30 year product cycle. This cycle is based on consumer needs and a passion to create life-changing products. They had worked with a small group of executives which have allowed them to create the most efficient cycle ever known. They also would go out to acquire key businesses that allow them to both diversify their portfolio and enhance their innovation.
While the main business for the United Technologies Corporation is to produce jet engines and sensors in flight controls and systems it is not as simple as that. They have gone further than any other company and created the most efficient engines in their field.
First of all, they took it right to Rolls-Royce and invaded their territory by taking away the monopoly they had for the large business luxury sector. They created the Gulfstream G 500 and the G 600. They also enhanced the GTF engine. This would fit in the F1 35, Bombardier C-Series, and the Airbus A320. This engine requires 30% fewer parts while also having a 20% more fuel efficient burn.
They would continue working with the United States government to produce the best aircraft and also at a rate that could not be matched. Their Sikorsky unit produces over 80% of the helicopters for the United States of America Military and does at a rate faster than any other industry. For all of his hard work, Chenevert receive a compensation package of 22 million annually.
The United Technologies Corporation is also known for its environmentally conscious ways. They spent immense resources reducing their own carbon footprint. Water consumption at the factories decreased by 53% and they also watched as gas emissions reduced by 24%.
Chenevert has left a legacy that’s difficult to follow well.