United Technologies Opens Door to Possible Breakup in Echo of GE
- Split would separate aerospace, elevators, air conditioners
- CEO’s comments mark shift after vowing to be his own activist
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United Technologies Corp. is taking a page from General Electric Co. and considering a breakup once thought to be unlikely.
The manufacturer is studying a plan to split up a portfolio that includes jet engines, elevators and air conditioners, Chief Executive Officer Greg Hayes said Wednesday at an investor conference. A decision will be announced by the end of the year, he said.