Carrier Announces Additional $1 Billion Investment in U.S. Manufacturing Footprint, Advanced Cutting-Edge R&D and Workforce Expansion

Rhea-AI Summary

Carrier Global Corporation (NYSE: CARR) has announced a significant $1 billion investment over five years in U.S. manufacturing, innovation, and workforce expansion. The investment will create 4,000 new highly skilled jobs across R&D, manufacturing, and field service sectors. The company plans to expand existing facilities and construct a new state-of-the-art manufacturing site for heat pump components and battery assemblies for their Home Energy Management System (HEMS).

The investment includes the TechVantage initiative, which aims to hire 1,000 U.S. service technicians and train over 100,000 climate solutions professionals. Carrier, the largest U.S.-headquartered company in its industry, has grown its U.S. workforce by approximately 20% over the past five years.

Positive

• Major $1 billion investment strengthens U.S. manufacturing capabilities
• Creation of 4,000 new highly skilled jobs across multiple sectors
• Expansion includes new state-of-the-art manufacturing facility
• Training program for over 100,000 climate solutions professionals
• 20% growth in U.S. workforce over the past five years shows consistent expansion

Negative

• None.

News Market Reaction – CARR

+1.65%

1 alert

+1.65% News Effect

On the day this news was published, CARR gained 1.65%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Investment creates 4,000 jobs and new state-of-the-art facility

PALM BEACH GARDENS, Fla., May 13, 2025 /PRNewswire/ -- Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced plans to invest an additional $1 billion over five years in U.S. manufacturing, innovation and workforce expansion, incremental to its ongoing commitments to American operations. The investment is expected to create 4,000 highly skilled jobs in R&D, manufacturing and field service.

"This investment marks the next chapter in our commitment to U.S. manufacturing," said David Gitlin, Chairman and CEO, Carrier. "We are building for the future by creating high-quality, skilled trade careers and empowering American workers to lead the next generation of manufacturing. At the same time, it positions Carrier to capture the tremendous growth ahead in our industry and deliver smart, differentiated solutions for our customers."

The additional investment will fund the expansion of existing facilities and construction of a new state-of-the-art manufacturing site to support the production of highly engineered components for heat pumps and battery assemblies — both essential to Carrier's Home Energy Management System (HEMS). It will also accelerate next-generation R&D, including innovations in liquid cooling for data centers and battery-enabled climate solutions technologies developed under Carrier Energy, the company's bold, in-house start up focused on optimizing home energy use and supporting grid flexibility.

Carrier's TechVantage initiative, announced in January, is included in both the $1 billion investment and anticipated 4,000 jobs. The program aims to hire 1,000 U.S. service technicians and train more than 100,000 climate solutions service and sales professionals over the next five years. This effort is focused on developing the skilled workforce needed to support the installation and servicing of high-performance climate solutions systems.

Based in Palm Beach Gardens, Florida, Carrier is the largest U.S.-headquartered company in its industry and continues to invest in its American operations to strengthen manufacturing capabilities and drive long-term growth. Over the past five years, the company has grown its U.S. workforce by approximately 20 percent, reinforcing its long-standing commitment to American manufacturing, innovation and economic growth.

About Carrier
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating solutions that matter for people and our planet for generations to come. From the beginning, we've led in inventing new technologies and entirely new industries. Today, we continue to lead because we have a world-class, diverse workforce that puts the customer at the center of everything we do. For more information, visit corporate.carrier.com or follow Carrier on social media at @Carrier.

CARR-IR

Contact:	Media Inquiries
	Rob Six
	561-281-2362
	Robert.Six@Carrier.com
	Investor Relations
	Michael Rednor
	561-365-2020
	InvestorRelations@carrier.com

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/carrier-announces-additional-1-billion-investment-in-us-manufacturing-footprint-advanced-cutting-edge-rd-and-workforce-expansion-302453754.html

SOURCE Carrier Global Corporation

FAQ

What is Carrier's (CARR) new $1 billion investment plan for 2025?

Carrier announced a $1 billion investment over five years in U.S. manufacturing, innovation, and workforce expansion, creating 4,000 new jobs in R&D, manufacturing, and field service sectors.

How many jobs will Carrier (CARR) create with its new investment?

Carrier's investment will create 4,000 new highly skilled jobs across R&D, manufacturing, and field service sectors, including 1,000 U.S. service technicians.

What is Carrier's TechVantage initiative announced in 2025?

TechVantage is a program to hire 1,000 U.S. service technicians and train over 100,000 climate solutions service and sales professionals over five years.

How has Carrier's U.S. workforce grown in recent years?

Carrier has grown its U.S. workforce by approximately 20% over the past five years, demonstrating consistent expansion in American operations.

What will Carrier's new manufacturing facility produce?

The new state-of-the-art manufacturing facility will produce highly engineered components for heat pumps and battery assemblies for Carrier's Home Energy Management System (HEMS).