HARTFORD, Conn., May 23, 2006 -- United Technologies Corp. (NYSE:UTX) Chairman and Chief Executive Officer George David today affirmed the company's 2006 outlook for earnings in the range of $3.50 to $3.60 per share. David spoke at the Electrical Products Group Conference in Florida and also affirmed UTC's 2006 guidance for cash flow from operations less capital expenditures equal to net income.

United Technologies Corp., based in Hartford, Conn., is a diversified company that provides a broad range of high technology products and support services to the building systems and aerospace industries.

This release is supplemented by presentation materials that are available on UTC's web site at www.utc.com, and includes "forward looking statements" concerning expected revenue, earnings, cash flow and other matters that are 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 included in UTC's 10-K and 10-Q Reports under the headings "Business," "Risk Factors," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results," as well as the information included in UTC's Current Reports on Form 8-K.