UTC Aerospace Systems celebrates first year anniversary

CHARLOTTE, N.C., July 30, 2013 /PRNewswire/ -- UTC Aerospace Systems recently celebrated its first anniversary, one year after United Technologies acquired Goodrich Corporation. UTC Aerospace Systems (UTAS) is a unit of United Technologies Corp. (NYSE: UTX).

"When we finalized the Goodrich acquisition last year we said it would be good for customers, shareholders and employees," said Mike Dumais, President of the Power, Controls & Sensing Systems segment of UTAS. "We are already seeing the benefits we can offer customers through our technology capabilities, increased scale, global footprint and complementary products."

Following the closing of the acquisition, UTC combined its Hamilton Sundstrand unit with Goodrich to form UTC Aerospace Systems.

"Our first year as UTC Aerospace Systems has been a tremendous success," said Curtis Reusser, President of the Aircraft Systems segment. "Our capability in multiple aircraft systems, our culture of innovation and our strong backlog of new business give us tremendous confidence in our ability to serve customers with the systems they need for more intelligent and more integrated aircraft."

UTC Aerospace Systems companies worldwide employ more than 40,000 people, with operations at more than 160 locations. UTC Aerospace Systems provides a comprehensive array of systems, components and support agreements serving a range of customers from original equipment manufacturers that build aircraft and helicopters, to engine manufacturers, and airlines, as well as defense agencies and contractors.

"In our first year we have seen our employees embrace change while keeping a strong focus on our customers and winning new business," said Cindy Egnotovich, President, Customer Service. "UTC Aerospace Systems has worked very hard to win the confidence of our customers and to deliver on our commitments."

UTC Aerospace Systems designs, manufactures and services integrated systems and components for the aerospace and defense industries. UTC Aerospace Systems supports a global customer base with significant worldwide manufacturing and customer service facilities.

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

This release includes "forward looking statements" concerning the anticipated benefits of a recently completed acquisition, its financial and business impact, and management's beliefs and objectives with respect thereto. These forward looking statements involve risks and uncertainties that could cause actual results to differ materially from those anticipated, including but not limited to the ability to implement anticipated business plans and achieve anticipated benefits and savings, and 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 its 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.

www.utcaerospacesystems.com

SOURCE UTC Aerospace Systems



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