United Technologies Corp. Announces Two-For-One Stock Split at Annual Shareowners Meeting

Apr 13, 2005, 01:00 ET from United Technologies Corp.

    HARTFORD, Conn., April 13 /PRNewswire-FirstCall/ -- United Technologies
 Corp. (NYSE:   UTX) Board of Directors today approved a two-for-one common stock
 split in the form of a stock dividend.  Speaking at UTC's Annual Shareowners
 Meeting, Chairman and Chief Executive Officer George David said, "This is
 UTC's third two-for-one common stock split in the last nine years and
 obviously reflects our board's and management's confidence in UTC's outlook.
 We're thrilled."
     In addition, the directors declared a regular quarterly cash dividend of
 44 cents on the pre-split common shares.  Both the stock dividend resulting
 from the split and the cash dividend will be payable June 10 to shareholders
 of record at the close of business on May 20.
     The board also doubled the outstanding authorization for the repurchase of
 UTC common stock in keeping with the stock split.
     Based in Hartford, Conn., UTC is a diversified company that provides high
 technology products and services to the aerospace and building systems
 industries.  UTC businesses include Otis Elevator, Carrier heating and
 cooling, UTC Fire & Security, UTC Power, Pratt & Whitney aircraft engines,
 Hamilton Sundstrand aerospace systems, and Sikorsky helicopters.
     This release includes a "forward-looking statement" concerning UTC's
 business outlook that is subject to risks and uncertainties.  Important
 factors that could cause actual results to differ materially from those
 anticipated or implied in forward looking statements include the health of the
 global economy; strength of end market demand in building construction and in
 both the commercial and defense segments of the aerospace industry;
 fluctuation in commodity prices, interest rates, foreign currency exchange
 rates, and the impact of weather conditions; and company specific items
 including the availability and impact of acquisitions, the rate and ability to
 integrate these acquired businesses effectively, the ability to achieve cost
 reductions at planned levels, and the outcome of legal proceedings.  For
 information identifying other important economic, political, regulatory,
 legal, technological, competitive and other uncertainties, see UTC's SEC
 filings as submitted from time to time, including, but not limited to, the
 information in the "Business" section of UTC's Annual Report on Form 10-K, the
 information included in UTC's 10-K and 10-Q Reports under the heading
 "Management's Discussion and Analysis of Financial Condition and Results of
 Operations," and the information included in Current Reports on Form 8-K.
     Contact:   Paul Jackson
                (860) 614-3899

SOURCE United Technologies Corp.