United Technologies Completes Divestiture of Pratt & Whitney Power Systems unit to Mitsubishi Heavy Industries

  United Technologies Completes Divestiture of Pratt & Whitney Power Systems
                     unit to Mitsubishi Heavy Industries

PR Newswire

EAST HARTFORD, Conn., May 17, 2013

EAST HARTFORD, Conn., May 17, 2013 /PRNewswire/ -- United Technologies Corp.
(NYSE: UTX) today announced it has completed the divestiture of its Pratt &
Whitney Power Systems unit to Mitsubishi Heavy Industries (MHI). Terms of the
agreement were not disclosed. Divesting Power Systems allows UTC to focus on
its core aerospace and commercial businesses.

Pratt & Whitney has entered into a long-term agreement with MHI under which
Pratt & Whitney will provide certain engineering and manufacturing services to
MHI in connection with the development of the FT4000, Power Systems'
next-generation industrial gas turbine. Under the long term agreement, P&W
has also agreed to provide GG8 turbines to MHI.

Pratt & Whitney is a world leader in the design, manufacture and service of
aircraft engines, auxiliary and ground power units and small turbojet
propulsion products. United Technologies Corp., based in Hartford,
Connecticut, is a diversified company providing high technology products and
services to the building and aerospace industries. To learn more about UTC,
visit the website or follow the company on Twitter: @UTC

This release includes "forward looking statements" concerning a proposed
transaction, its financial and business impact, management's beliefs and
objectives with respect thereto, and management's current expectations for our
future operating and financial performance, based on assumptions currently
believed to be valid. These forward looking statements involve significant
risks and uncertainties that could cause actual results to differ materially
from those anticipated, including but not limited to the ability to realize
opportunities for growth and innovation. Other important economic, political,
regulatory, legal, technological, competitive and other uncertainties are
identified in the SEC filings submitted by UTC from time to time, including
their respective Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K,
and Current Reports on Form 8-K. The forward looking statements included in
this press release are made only as of the date hereof. UTC does not undertake
any obligation to update the forward looking statements to reflect subsequent
events or circumstances.

UTC-IR

Ray Hernandez
Pratt & Whitney
860-565-2341
raymond.hernandez@pw.utc.com

SOURCE Pratt & Whitney

Website: http://www.pratt-whitney.com