United Technologies to separate into three companies

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Go back to United Technologies to separate into three companies

United Technologies (UTX) Confirms Plan to Separate Into Three Independent Companies

November 27, 2018 6:21 AM EST

United Technologies Corp. (NYSE: UTX) today announced the completion of its acquisition of Rockwell Collins (NYSE: COL) and the company's intention to separate its commercial businesses, Otis and Carrier (formerly CCS), into independent entities. The separation will result in three global, industry-leading companies:

United Technologies, comprised of Collins Aerospace Systems and Pratt & Whitney, will be the preeminent systems supplier to the aerospace and defense industry; Collins Aerospace was formed through the combination of UTC Aerospace Systems and Rockwell Collins;Otis, the world's leading manufacturer of... More