UTC Prices Offering of Equity Units

United Technologies Corp.

announced that it has successfully priced its offering of equity units. Net proceeds of the offering are expected to be used primarily to pay a portion of the cash consideration for the previously announced acquisition of Goodrich Corporation. UTC has priced its offering of 20 million equity units with a stated amount of $50 per unit, for an aggregate amount of $1.00 billion. The equity units carry a total annual distribution rate of 7.50 percent. The reference price for the equity units is $74.35 per share. The threshold appreciation price for the equity units is $98.51 per share, which represents a premium of about 32.50 percent over the reference price. UTC has granted the underwriters an option to purchase during the 13-day period beginning on, and including, the initial issuance date of the equity units up to 2 million additional equity units, or an additional aggregate stated amount of $100 million.