UTC reaffirms 2008 outlook; expects earnings per share of between $4.65 and $4.85

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NEW YORK CITY, February 27, 2008 -- United Technologies Corp. (NYSE:UTX) outlined expectations for 2008 today at its annual investor conference in New York. In addition to reviews of each of UTC's operating segments, the company reaffirmed its earlier outlook for 2008 earnings per share in the range of $4.65 to $4.85. The company also indicated it continues to expect that cash flow from operations less capital expenditures will equal or exceed net income, and that revenues for the year will increase to approximately $59 billion, including mid single digit organic growth.

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