United Technologies provides high-technology products and services to the building systems and aerospace industries throughout the world.UTC’s industry-leading companies are Pratt & Whitney, Carrier,Chubb, Otis,UTC Power, Hamilton Sundstrand and Sikorsky. The latter two make up the Flight Systems segment.UTC’s revenue and earnings both increased in 2003, despite challenging economic conditions, compared with 2002. Revenues grew 10 percent to $31.0 billion and both diluted earnings per share and net income increased 6 percent to $4.69 per share and $2.4 billion, respectively. Operating cash flow was $2.9 billion and, in part,was used to fund dividends, which increased to $1.14 per share in 2003. Debt to total capitalization ratio at the end of 2003 was 31 percent.