United Technologies Corp. To Acquire GE Security

HARTFORD, Conn., Nov. 12 /PRNewswire-FirstCall/ -- United Technologies Corp.
(NYSE: UTX), today announced it has reached an agreement to purchase the GE
Security business from GE (NYSE: GE) for $1.82 billion. The closing is
pending regulatory approvals.

GE Security, part of GE Technology Infrastructure, supplies security and life
safety technologies through a broad product portfolio for commercial and
residential applications that include fire detection and life safety systems,
intrusion alarms, and video surveillance and access control systems.
Headquartered in Bradenton, Fla., the business has eight manufacturing
facilities and approximately 4,700 employees in 26 countries.

"This acquisition enhances UTC Fire & Security's status as a leading franchise
in the $100 billion global fire safety and electronic security industry," UTC
President and Chief Executive Officer Louis Chenevert said. "It strengthens
our North America footprint, extends our capabilities and complements our
existing fire and security businesses.

"The acquisition also brings additional world class product lines to the UTC
portfolio, improves our aftermarket revenue potential and will deliver solid
long-term value for UTC shareholders," Chenevert continued. "We expect this
transaction will be earnings neutral to UTC in 2010, after restructuring and
transaction costs, and anticipate that the cost synergies will make it
accretive in 2011 and beyond."

Headquartered in Connecticut, UTC Fire & Security is a business unit of United
Technologies Corp., which provides high technology products and services to
the building and aerospace industries worldwide. More information about UTC
Fire & Security can be found at website: www.utcfireandsecurity.com.

This release includes "forward looking statements" concerning expected
revenue, earnings and additional benefits of a transaction that remain subject
to uncertainties. Important factors that could cause actual results to differ
materially from those anticipated or implied in the forward looking statements
include changes in anticipated or actual economic conditions, delays in or
inability to obtain necessary regulatory approvals on acceptable terms and
delays in achieving anticipated synergies and in integrating the acquired
businesses. 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 in the "Business" section of UTC's Annual Report on Form
10-K, the information included in UTC's 10-K and 10-Q Reports under the
heading "Management's Discussion and Analysis of Financial Condition and
Results of Operations," and the information included in Current Reports on
Form 8-K.

UTC-IR

Contact:
John Moran, UTC
(860) 728-7062

www.utc.com

SOURCE United Technologies Corp.

John Moran of UTC, +1-860-728-7062