United Technologies Reaffirms 2014 EPS Expectations of $6.75 to $6.85 Per Share

  United Technologies Reaffirms 2014 EPS Expectations of $6.75 to $6.85 Per

PR Newswire

HARTFORD, Conn., Aug. 27, 2014

HARTFORD, Conn., Aug. 27, 2014 /PRNewswire/ --In advance of a meeting today
with investors, United Technologies Corp. (NYSE: UTX) reaffirms 2014 earnings
per share expectations of $6.75 to $6.85, up 9 – 10% from the prior year, on
sales of about $65 billion. The Company also plans to increase the level of
share repurchases for the year from the previously announced $1.25 billion to
$1.35 billion.

United Technologies Corp.

United Technologies Corp., based in Hartford, Connecticut, provides high
technology products and services to the building and aerospace industries. For
more information, visit our website at www.utc.com or follow us on Twitter:

The statements in this press release related to future and estimated sales,
earnings, and share repurchases are "forward-looking statements" under the
securities laws. All forward-looking statements involve risks, uncertainties
and assumptions that may cause actual results to differ materially from those
expressed or implied in the forward-looking statements. Risks and
uncertainties include, without limitation, the effect of economic conditions
in the markets in which we operate, including financial market conditions,
fluctuation in commodity prices, interest rates and foreign currency exchange
rates; future levels of research and development spending; levels of end
market demand in construction and in the aerospace industry; levels of air
travel; financial difficulties of commercial airlines; the impact of changes
in government budget and procurement funding and priorities; weather
conditions and natural disasters; delays and disruption in delivery of
materials and services from suppliers; company and customer directed cost
reduction efforts and restructuring costs and consequences thereof; the impact
of acquisitions, dispositions, joint ventures and similar transactions;
challenges in the development and production of new products and services,
including the programs discussed in this press release ; the impact of
diversification across product lines, regions and industries; the outcome of
legal proceedings, investigations and other contingencies; pension plan
assumptions and future contributions; the effect of changes in tax,
environmental and other laws and regulations and political conditions; and
other factors beyond our control. The level of share repurchases depends upon
market conditions and other investing activities and uses of cash. The
forward-looking statements speak only as of the date of this press release and
we undertake no obligation to update or revise any forward-looking statements
as of a later date. For additional information identifying factors that may
cause actual results to vary materially from those stated in forward-looking
statements, see our reports on Forms 10-K, 10-Q and 8-K filed with the SEC
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.

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SOURCE United Technologies Corp.

Website: http://www.utc.com
Contact: Danielle Smith, (860) 728-6238, www.utc.com
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