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Spotlight
United Technologies Corp. to boost spending with minority suppliers
United Technologies Corp. (NYSE: UTX) told attendees at its sixth annual Minority Business Exchange event that it expects to spend more than $300 million this year with minority suppliers -- nearly double the total of just five years earlier. More >>
Did you know?
The Nation’s Minority Population Totaled 98 Million in 2005
By 2010, it is likely that the buying power of African Americans and Hispanics will surpass the GDP of Canada, which is the ninth largest economy in the world.
At United Technologies, we recognize the value of a diverse supply chain and we are committed to integrating and leveraging supplier diversity into the way we do business. We relentlessly pursue competitive and innovative minority business enterprises (MBE) and small businesses including: veteran, service-disabled veteran, small disadvantaged, women and hub-zoned. UTC drives this effort through supplier development, training, outreach and sourcing initiatives.
If you are a diverse business and have a strong value proposition we would like to hear from you. Please visit our supplier registration page.
A message from the CEO
Like all companies, United Technologies Corporation seeks the most innovative and competitive suppliers to help us maintain our competitive advantages. We spent the 1990s working on internal efficiencies and cost and with great success. In the last several years we have worked aggressively with our supply base and as real partners to drive out inefficiencies between us and enable lower cost and the highest quality throughout UTC.
Minority Business Enterprises (MBE) have been essential to this supplier re-birth. Last year, MBE's provided $367 million worth of products and services to UTC. In 2008 we expect to significantly grow the spend. MBE's are good business for our businesses and will be for decades to come.
We also require of our top suppliers and integrators the same supplier diversity commitments we expect from ourselves. Please browse this supplier diversity website where you'll learn how MBE's are a priority for UTC and what your opportunities with our company may be.
Louis R. Chênevert
President and CEO
