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UTC to split into three separate companies

November 29, 2018SSN Staff

FARMINGTON, Conn.—UTC this week announced that it will be separating its business into three different companies: United Technologies, which will be comprised of the company's aerospace business; Carrier, which will be the new name for the Climate, Controls and Security business; and Otis Elevator Company."Our decision to separate United Technologies is a pivotal moment in our history and will best position each independent company to drive sustained growth, lead its industry in innovation...

Carrier, Gregory Hayes, otis elevator company, UTC