United Technologies Completes Sale of Industrial Products Businesses to The Carlyle Group and BC Partners

 United Technologies Completes Sale of Industrial Products Businesses to The
                        Carlyle Group and BC Partners

PR Newswire

HARTFORD, Conn., Dec. 13, 2012

HARTFORD, Conn., Dec. 13, 2012 /PRNewswire/ -- United Technologies Corp.
(NYSE: UTX) today announced it has completed the sale of its Milton Roy Co.,
Sullair Corp. and Sundyne Corp. industrial products businesses to BC Partners
and The Carlyle Group (NASDAQ: CG) for $3.46 billion. Sale of the three former
Hamilton Sundstrand industrial products businesses is another step forward in
UTC's ongoing portfolio transformation to focus on its core of aerospace and
building systems.

As previously announced, proceeds from the sale will be used to repay a
portion of the debt incurred to finance the acquisition of Goodrich
Corporation, which closed earlier this year.

United Technologies Corp., based in Hartford, Conn., is a diversified company
providing high technology products and services to the building and aerospace
industries.

This release includes statements that constitute "forward-looking statements"
under the securities laws. Forward-looking statements often contain words
such as "believe," "expect," "plans," "strategy," "prospects," "estimate,"
"project," "target," "anticipate," "will," "should," "see," "guidance,"
"confident" and similar terms. Forward-looking statements may include, among
other things, statements relating to our transformation to focus on our core
of aerospace and building systems, as well as to the use of proceeds resulting
from the sale of our former Hamilton Sundstrand industrial products
businesses. All forward-looking statements involve risks, uncertainties and
assumptions that may cause actualresults to differ materially from those
expressed or implied in the forward-looking statements. These forward-looking
statements speak only as of the date of this release and we undertake no
obligation to update or revise any forward-looking statements after we
distribute this release. For information identifying factors that may cause
actual results to vary materially from those stated in the forward-looking
statements, see our reports on Forms 10-K, 10-Q and 8-K filed with the U.S.
Securities and Exchange Commission from time to time, including, but not
limited to, the information included in UTC's Forms 10-K and 10-Q under the
headings "Business," "Risk Factors," "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and "Legal Proceedings" and in
the notes to the financial statements included in UTC's Forms 10-K and 10-Q.

UTC-IR

Contact: Ian Race
(860) 728-6515
www.utc.com

SOURCE United Technologies Corp.

Website: http://www.utc.com