Name: United Technologies Corporation
Brand: Ghosts of Wall Street
SKU: 3040bl
Price: 3.97 USD
Availability: InStock

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United Technologies Corporation Stock Certificate

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Images are representative of the piece you will receive

Guaranteed authentic

Over 35 years old

Cumulative preferred stock

1970's

Issued, canceled

American Bank Note Company

Machine printed signatures

12" (w) by 8" (h)

In 1974, Harry Gray left Litton Industries to become the CEO of United Aircraft. He pursued a strategy of growth and diversification, changing the parent corporation's name to United Technologies Corporation (UTC) in 1975 to reflect the intent to diversify into numerous high tech fields beyond aerospace. The change became official on May 1, 1975. The diversification was partially to balance civilian business against any overreliance on military business.

UTC became a mergers and acquisitions (M&A) – focused organization, with various forced takeovers of unwilling smaller corporations. The next year, UTC forcibly acquired Otis Elevator. In 1979, Carrier Refrigeration and Mostek were acquired - the Carrier deal was forcible, while the Mostek deal was a white knight move against hostile takeover designs by Gould.

At one point, the military portion of UTC's business, whose sensitivity to "excess profits" and boom/bust demand drove UTC to diversify away from it, actually carried the weight of losses incurred by the commercial M&A side of the business. Although M&A activity was not new to United Aircraft, the M&A activity of the 1970s and 1980s was higher-stakes and arguably unfocused.

Rather than aviation being the central theme of UTC businesses, high tech (of any type) was the new theme.

Mostek was sold in 1985 to the French electronics company Thomson.

The company, which was headquartered in Connecticut, merged with the Raytheon Company in April 2020 to form Raytheon Technologies.

View all of our certificates from this aviation giant.

Are the certificates offered on your site genuine or reproductions?

All of our pieces are genuine - we do not sell reproductions. If you ever find out that one of our pieces is not authentic, you may return it for a full refund of the purchase price and any associated shipping charges.

Are the certificates you sell negotiable on any of today's stock markets or indexes?

Certificates carry no value on any of today's financial indexes and no transfer of ownership is implied. All items offered are collectible in nature only. So, you can frame them, but you can't cash them in!

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It depends. We try to present images of the exact piece you will receive whenever possible. However, when we are offering quantities of a piece, this is impossible. Within every product page we detail whether or not you will be receiving the exact certificate listed, or if the image is a representative example of the one you will receive.

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Absolutely. You may return any merchandise, for any reason, within 30 days of the purchase date for a full refund of the purchase price.

We guarantee all of our pieces to be authentic. If you ever determine that a piece is not authentic, it may be returned for a full refund of the purchase price as well as any associated shipping charges.

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