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Business Description
United Technologies Corporation provides high-technology products and services to the building systems and aerospace industries worldwide. Its operations are classified into five principal segments: Otis, Carrier, Chubb, Pratt & Whitney and Flight Systems. Otis is an elevator and escalator manufacturing, installation and service company. Carrier is a manufacturer and distributor of commercial and residential heating, ventilating and air conditioning (HVAC) systems and refrigeration and equipment. Chubb is a global provider of security and fire protection products and services that was acquired by the Company on July 28, 2003. Pratt & Whitney and the Flight Systems segments comprise United's aerospace businesses, and produce and service commercial and government aerospace and defense products. They also serve customers in the industrial markets.

Financial Information
United Technologies Corporation provides a broad range of high technology products and support services to the building systems and aerospace iFor the six months ended 6/30/04, revenues rose 26% to $18.27 billion. Net income applicable to Common rose 27% to $1.42 billion. Results reflect the addition of Chubb and organic growth, and the absence of preferred dividend.