Exhibit 99

UTC REPORTS THIRD QUARTER EPS GROWTH OF 13 PERCENT ON 9 PERCENT HIGHER

SALES; INCREASES 2011 EPS OUTLOOK

HARTFORD, Conn., October 19, 2011 – United Technologies Corp. (NYSE:UTX) today reported third quarter 2011 earnings per share of $1.47 and net income attributable to common shareowners of $1.3 billion, up 13 percent and 11 percent, respectively, over the year ago quarter. Sales of $14.8 billion for the quarter were 9 percent above prior year including 6 points of organic growth and 4 points of favorable foreign currency translation. Cash flow from operations was $2.0 billion and capital expenditures were $215 million in the quarter.

Results for the quarter included $0.06 per share of restructuring charges, partially offset by $0.04 of net one-time items. The prior year quarter included charges for restructuring and net one-time items of $0.09 per share. Before these items, earnings per share increased $0.10 or 7 percent year over year. Foreign currency translation net of currency impact at Pratt & Whitney Canada accounted for $0.04 of the earnings per share increase.

Third quarter segment operating margin was 16.0 percent. Adjusted for restructuring costs and one-time items, segment operating margin at 16.3 percent was 10 basis points lower than prior year. Research and development costs increased year over year by $62 million to $495 million.

“This was another solid quarter for UTC, with continued organic sales growth across all six of our businesses,” said Louis Chênevert, UTC Chairman & Chief Executive Officer. “Cash generation was also strong and we now expect cash flow from operations less capital expenditures to exceed net income attributable to common shareowners for the full year.

“Based on the strong year to date performance, we are raising the full year earnings per share expectation to $5.47, up from $5.35 to $5.45 previously, and up 15 percent over 2010. We continue to expect sales of $58 billion, up nearly 7 percent over 2010,” Chênevert added.

New equipment orders at Otis were up 19 percent over the year ago third quarter including favorable foreign exchange of 7 percentage points. Commercial HVAC new equipment orders at Carrier grew 11 percent including favorable foreign exchange of 4 points. Commercial spares orders at Hamilton Sundstrand were up 24 percent and at Pratt & Whitney’s large engine business grew 3 percent, after growing 35 percent in the year ago third quarter.

“We announced two transformational deals recently,” Chênevert continued. “The acquisition of Goodrich will bring complementary products of two great companies together to offer more intelligent and more integrated systems for our aerospace customers. The agreement with Rolls Royce to restructure IAE ownership and to partner on next generation mid-size aircraft engines further validates the game changing Geared Turbofan^TM technology. Both transactions will yield significant value to our customers and shareholders.”

United Technologies Corp., based in Hartford, Connecticut, is a diversified company providing high technology products and services to the building and aerospace industries. Additional information, including a webcast, is available on the Internet at http://www.utc.com.

The accompanying tables include information integral to assessing the company’s financial position, operating performance, and cash flow, including a reconciliation of differences between non-GAAP measures used in this release and the comparable financial measures calculated in accordance with generally accepted accounting principles in the United States.

This release contains statements that constitute “forward-looking statements” under the securities laws. Forward-looking statements often contain words such as “believe,” “expect,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “confident” and similar terms. Forward-looking statements may include, among other things, statements relating to future and estimated sales, earnings, cash flow, results of operations, uses of cash and other measures of financial performance. All forward-looking statements involve risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. Risks and uncertainties include, without limitation, the effect of economic conditions in the markets in which we operate, including financial market conditions, fluctuation in commodity prices, interest rates and foreign currency exchange rates; future levels of indebtedness and capital and research and development spending; levels of end market demand in construction and in the aerospace industry; levels of air travel; financial difficulties of commercial airlines; the impact of weather conditions and natural disasters; the financial condition of our customers and suppliers; delays and disruption in delivery of materials and services from suppliers; cost reduction efforts and restructuring costs and savings and other consequences

thereof; the scope, nature or impact of acquisitions, dispositions, joint ventures and other business arrangements, including integration of acquired businesses; the expected timing of completion of the recently announced transactions with Goodrich and Rolls Royce; the development and production of new products and services; the anticipated benefits of diversification and balance of operations across product lines, regions and industries; the impact of the negotiation of collective bargaining agreements, and labor disputes; the outcome of legal proceedings and other contingencies; future availability of credit; pension plan assumptions and future contributions; and the effect of changes in tax, environmental and other laws and regulations and political conditions in countries in which we operate and other factors beyond our control. These forward-looking statements speak only as of the date of this release and we undertake no obligation to update or revise any forward-looking statements after we distribute this release. For additional information identifying factors that may cause actual results to vary materially from those stated in the forward-looking statements, see our reports on Forms 10-K, 10-Q and 8-K filed with the SEC from time to time, including, but not limited to, the information included in UTC’s Forms 10-K and 10-Q under the headings “Business,” “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” and in the notes to the financial statements included in UTC’s Forms 10-K and 10-Q.

UTC-IR

# # #

United Technologies Corporation

Condensed Consolidated Statement of Operations

	Quarter Ended September 30,					Nine Months Ended September 30,
	(Unaudited)					(Unaudited)
(Millions, except per share amounts)	2011		2010			2011		2010
Net sales	$	14,804	$	13,620		$	43,224	$	39,462
Costs and Expenses:
Cost of products and services sold		10,756		9,667			31,302		28,414
Research and development		495		433			1,506		1,289
Selling, general and administrative		1,578		1,478			4,765		4,393
Total Costs and Expenses		12,829		11,578			37,573		34,096
Other income (expense), net		227		(114	)		550		(33	)
Operating profit		2,202		1,928			6,201		5,333
Interest expense, net		138		161			428		481
Income before income taxes		2,064		1,767			5,773		4,852
Income tax expense		643		468			1,821		1,394
Net income		1,421		1,299			3,952		3,458
Less: Noncontrolling interest in subsidiaries’ earnings		97		101			298		284
Net income attributable to common shareowners	$	1,324	$	1,198		$	3,654	$	3,174
Earnings Per Share of Common Stock:
Basic	$	1.49	$	1.32		$	4.09	$	3.49
Diluted	$	1.47	$	1.30		$	4.02	$	3.43
Weighted average number of shares outstanding:
Basic shares		889		906			894		910
Diluted shares		902		920			909		925

As described on the following pages, consolidated results for the quarters and nine months ended September 30, 2011 and 2010 include restructuring costs and non-recurring items that management believes should be considered when evaluating the underlying financial performance.

See accompanying Notes to Condensed Consolidated Financial Statements.

United Technologies Corporation

Segment Net Sales and Operating Profit

	Quarter Ended September 30,						Nine Months Ended September 30,
	(Unaudited)						(Unaudited)
(Millions)	2011			2010			2011			2010
Net Sales
Otis	$	3,262		$	2,908		$	9,226		$	8,472
Carrier		3,175			2,936			9,334			8,496
UTC Fire & Security		1,746			1,657			5,120			4,687
Pratt & Whitney		3,251			3,230			9,798			9,350
Hamilton Sundstrand		1,531			1,420			4,503			4,125
Sikorsky		1,877			1,547			5,245			4,597
Segment Sales		14,842			13,698			43,226			39,727
Eliminations and other		(38	)		(78	)		(2	)		(265	)
Consolidated Net Sales	$	14,804		$	13,620		$	43,224		$	39,462
Operating Profit
Otis	$	731		$	678		$	2,104		$	1,915
Carrier		422			380			1,190			852
UTC Fire & Security		194			187			562			478
Pratt & Whitney		535			547			1,460			1,505
Hamilton Sundstrand		282			255			793			680
Sikorsky		215			163			633			477
Segment Operating Profit		2,379			2,210			6,742			5,907
Eliminations and other		(75	)		(199	)		(246	)		(321	)
General corporate expenses		(102	)		(83	)		(295	)		(253	)
Consolidated Operating Profit	$	2,202		$	1,928		$	6,201		$	5,333
Segment Operating Profit Margin
Otis		22.4	%		23.3	%		22.8	%		22.6	%
Carrier		13.3	%		12.9	%		12.7	%		10.0	%
UTC Fire & Security		11.1	%		11.3	%		11.0	%		10.2	%
Pratt & Whitney		16.5	%		16.9	%		14.9	%		16.1	%
Hamilton Sundstrand		18.4	%		18.0	%		17.6	%		16.5	%
Sikorsky		11.5	%		10.5	%		12.1	%		10.4	%
Segment Operating Profit Margin		16.0	%		16.1	%		15.6	%		14.9	%

As described on the following pages, consolidated results for the quarters and nine months ended September 30, 2011 and 2010 include restructuring costs and non-recurring items that management believes should be considered when evaluating the underlying financial performance.

United Technologies Corporation

Restructuring Costs and Non-Recurring Items Included in Consolidated Results

	Quarter Ended September 30,					Nine Months Ended September 30,
	(Unaudited)					(Unaudited)
(Millions)	2011		2010			2011		2010
Restructuring Costs
Otis	$	41	$	12		$	47	$	40
Carrier		8		(1	)		37		32
UTC Fire & Security		13		24			29		53
Pratt & Whitney		6		13			48		48
Hamilton Sundstrand		4		2			10		11
Sikorsky		13		7			16		14
Eliminations and other1		—		1			1		12
Impact on Consolidated Operating Profit	$	85	$	58		$	188	$	210

¹  Restructuring costs incurred in 2010 primarily reflects the impact of curtailments on our domestic pension plans.

	Quarter Ended September 30,						Nine Months Ended September 30,
	(Unaudited)						(Unaudited)
(Millions)	2011			2010			2011			2010
Non-Recurring Gains (Losses) Before Income Taxes
Carrier	$	28		$	24		$	28		$	(23	)
UTC Fire & Security		(20	)		—			(20	)		—
Pratt & Whitney		41			—			41			—
Hamilton Sundstrand		—			—			—			(28	)
Sikorsky		—			—			73			—
Eliminations and other		—			(159	)		—			(159	)
Impact on Consolidated Operating Profit		49			(135	)		122			(210	)
Interest expense, net		—			—			—			24
Impact on Income Before Income Taxes	$	49		$	(135	)	$	122		$	(186	)

The impact of restructuring costs and non-recurring items on net income attributable to common shareowners and diluted earnings per share for the quarters and nine months ended September 30, 2011 and 2010 is as follows:

	Quarter Ended September 30,						Nine Months Ended September 30,
	(Unaudited)						(Unaudited)
(Millions)	2011			2010			2011			2010
Impact on Income Before Income Taxes:
Restructuring costs	$	(85	)	$	(58	)	$	(188	)	$	(210	)
Non-recurring gains (losses)		49			(135	)		122			(186	)
		(36	)		(193	)		(66	)		(396	)
Tax effect of above items		(2	)		9			5			56
Non-recurring income tax items		17			102			17			102
Impact on Net income attributable to common shareowners	$	(21	)	$	(82	)	$	(44	)	$	(238	)
Impact on Diluted Earnings Per Share	$	(0.02	)	$	(0.09	)	$	(0.05	)	$	(0.26	)

Details of the non-recurring items for the quarters and nine months ended September 30, 2011 and 2010 summarized in the tables above are as follows:

Q3-2011

Carrier: Approximately $28 million net gain resulting from dispositions associated with Carrier’s ongoing portfolio transformation.

UTC Fire & Security: Approximately $20 million other-than-temporary impairment charge on an equity investment.

Pratt & Whitney: Approximately $41 million gain recognized from the sale of an equity investment.

Income tax expense: Favorable tax benefit of approximately $17 million as a result of a U.K. tax rate reduction enacted in July 2011.

Q2-2011

Sikorsky: Approximately $73 million gain recognized from the contribution of a business into a new venture in the United Arab Emirates.

Q3-2010

Carrier: Approximately $24 million net gain resulting from dispositions associated with Carrier’s ongoing portfolio transformation.

Eliminations and other: Approximately $159 million other-than-temporary impairment charge of our equity investment in Clipper.

Income tax expense: Approximately $102 million favorable net tax benefit associated with management’s intention to repatriate additional foreign cash to the U.S. in 2010.

Q2-2010

Carrier: Approximately $47 million net charge resulting from dispositions associated with Carrier’s ongoing portfolio transformation. Included in this net charge is an approximately $58 million asset impairment charge associated with the disposition of a business, partially offset by an approximately $11 million gain on the sale of another business.

Hamilton Sundstrand: Approximately $28 million of asset impairment charges related primarily to the disposition of an aerospace business as part of Hamilton Sundstrand’s ongoing low cost sourcing initiatives.

Interest expense, net: Favorable pre-tax interest adjustment of approximately $24 million associated with the resolution of an uncertain temporary tax item in the quarter.

The following page provides segment net sales, operating profits and operating profit margins as adjusted for the aforementioned restructuring costs and non-recurring items. Management believes these adjusted results more accurately portray the ongoing operational performance and fundamentals of the underlying businesses. The amount and timing of restructuring costs and non-recurring activity can vary substantially from period to period with no assurances of comparable activity or amounts being incurred in future periods. These amounts have therefore been adjusted out in the following schedule in order to provide a more representative comparison of current year operating performance to prior year performance.

United Technologies Corporation

Segment Net Sales and Operating Profit Adjusted for Restructuring Costs and Non-Recurring Items (as reflected on the previous pages)

	Quarter Ended September 30,						Nine Months Ended September 30,
	(Unaudited)						(Unaudited)
(Millions)	2011			2010			2011			2010
Net Sales
Otis	$	3,262		$	2,908		$	9,226		$	8,472
Carrier		3,175			2,936			9,334			8,496
UTC Fire & Security		1,746			1,657			5,120			4,687
Pratt & Whitney		3,251			3,230			9,798			9,350
Hamilton Sundstrand		1,531			1,420			4,503			4,125
Sikorsky		1,877			1,547			5,245			4,597
Segment Sales		14,842			13,698			43,226			39,727
Eliminations and other		(38	)		(78	)		(2	)		(265	)
Consolidated Net Sales	$	14,804		$	13,620		$	43,224		$	39,462
Adjusted Operating Profit
Otis	$	772		$	690		$	2,151		$	1,955
Carrier		402			355			1,199			907
UTC Fire & Security		227			211			611			531
Pratt & Whitney		500			560			1,467			1,553
Hamilton Sundstrand		286			257			803			719
Sikorsky		228			170			576			491
Adjusted Segment Operating Profit		2,415			2,243			6,807			6,156
Eliminations and other		(75	)		(39	)		(245	)		(150	)
General corporate expenses		(102	)		(83	)		(295	)		(253	)
Adjusted Consolidated Operating Profit	$	2,238		$	2,121		$	6,267		$	5,753
Adjusted Segment Operating Profit Margin
Otis		23.7	%		23.7	%		23.3	%		23.1	%
Carrier		12.7	%		12.1	%		12.8	%		10.7	%
UTC Fire & Security		13.0	%		12.7	%		11.9	%		11.3	%
Pratt & Whitney		15.4	%		17.3	%		15.0	%		16.6	%
Hamilton Sundstrand		18.7	%		18.1	%		17.8	%		17.4	%
Sikorsky		12.1	%		11.0	%		11.0	%		10.7	%
Adjusted Segment Operating Profit Margin		16.3	%		16.4	%		15.7	%		15.5	%

United Technologies Corporation

Condensed Consolidated Balance Sheet

	September 30, 2011			December 31, 2010
(Millions)	(Unaudited)			(Unaudited)
Assets
Cash and cash equivalents	$	5,966		$	4,083
Accounts receivable, net		9,503			8,925
Inventories and contracts in progress, net		8,617			7,766
Other assets, current		2,338			2,736
Total Current Assets		26,424			23,510
Fixed assets, net		6,137			6,280
Goodwill		17,980			17,721
Intangible assets, net		3,966			4,060
Other assets		7,441			6,922
Total Assets	$	61,948		$	58,493
Liabilities and Equity
Short-term debt	$	1,863		$	279
Accounts payable		5,597			5,206
Accrued liabilities		12,604			12,247
Total Current Liabilities		20,064			17,732
Long-term debt		9,501			10,010
Other long-term liabilities		8,468			8,102
Total Liabilities		38,033			35,844
Redeemable noncontrolling interest		327			317
Shareowners’ Equity:
Common Stock		13,174			12,431
Treasury Stock		(19,412	)		(17,468	)
Retained earnings		32,594			30,191
Accumulated other comprehensive loss		(3,766	)		(3,769	)
Total Shareowners’ Equity		22,590			21,385
Noncontrolling interest		998			947
Total Equity		23,588			22,332
Total Liabilities and Equity	$	61,948		$	58,493
Debt Ratios:
Debt to total capitalization		33	%		32	%
Net debt to net capitalization		19	%		22	%

See accompanying Notes to Condensed Consolidated Financial Statements.

United Technologies Corporation

Condensed Consolidated Statement of Cash Flows

	Quarter Ended September 30,						Nine Months Ended September 30,
	(Unaudited)						(Unaudited)
(Millions)	2011			2010			2011			2010
Operating Activities:
Net income attributable to common shareowners	$	1,324		$	1,198		$	3,654		$	3,174
Noncontrolling interest in subsidiaries’ earnings		97			101			298			284
Net income		1,421			1,299			3,952			3,458
Adjustments to reconcile net income to net cash flows provided by operating activities:
Depreciation and amortization		346			342			1,023			1,008
Deferred income tax provision (benefit)		41			(251	)		333			(123	)
Stock compensation cost		57			24			185			112
Change in working capital		243			428			(693	)		31
Global pension contributions *		(177	)		(438	)		(247	)		(699	)
Other operating activities, net		28			272			25			443
Net cash flows provided by operating activities		1,959			1,676			4,578			4,230
Investing Activities:
Capital expenditures		(215	)		(177	)		(605	)		(479	)
Acquisitions and dispositions of businesses, net		192			(115	)		155			(2,351	)
Other investing activities, net		32			(35	)		152			144
Net cash flows provided by (used in) investing activities		9			(327	)		(298	)		(2,686	)
Financing Activities:
(Decrease) increase in borrowings, net		(22	)		212			1,074			2,492
Dividends paid on Common Stock		(411	)		(370	)		(1,192	)		(1,114	)
Repurchase of Common Stock		(675	)		(494	)		(2,175	)		(1,644	)
Other financing activities, net		(193	)		(61	)		(117	)		(42	)
Net cash flows used in financing activities		(1,301	)		(713	)		(2,410	)		(308	)
Effect of foreign exchange rate changes on cash and cash equivalents		(97	)		98			13			46
Net increase in cash and cash equivalents		570			734			1,883			1,282
Cash and cash equivalents, beginning of period		5,396			4,997			4,083			4,449
Cash and cash equivalents, end of period	$	5,966		$	5,731		$	5,966		$	5,731

* Non-cash activities include contributions of UTC common stock of $450 million and $250 million to domestic defined benefit pension plans in the third quarter of 2011 and second quarter of 2010, respectively.

See accompanying Notes to Condensed Consolidated Financial Statements.

United Technologies Corporation

Free Cash Flow Reconciliation

	Quarter Ended September 30,
	(Unaudited)
(Millions)	2011					2010
Net income attributable to common shareowners	$	1,324				$	1,198
Noncontrolling interest in subsidiaries’ earnings		97					101
Net income		1,421					1,299
Depreciation and amortization		346					342
Change in working capital		243					428
Other operating activities, net		(51	)				(393	)
Net cash flows provided by operating activities		1,959					1,676
Net cash flows provided by operating activities as a percentage of net income attributable to common shareowners				148	%				140	%
Capital expenditures		(215	)				(177	)
Capital expenditures as a percentage of net income attributable to common shareowners				(16	)%				(15	)%
Free cash flow	$	1,744				$	1,499
Free cash flow as a percentage of net income attributable to common shareowners				132	%				125	%
	Nine Months Ended September 30,
	(Unaudited)
(Millions)	2011					2010
Net income attributable to common shareowners	$	3,654				$	3,174
Noncontrolling interest in subsidiaries’ earnings		298					284
Net income		3,952					3,458
Depreciation and amortization		1,023					1,008
Change in working capital		(693	)				31
Other operating activities, net		296					(267	)
Net cash flows provided by operating activities		4,578					4,230
Net cash flows provided by operating activities as a percentage of net income attributable to common shareowners				125	%				133	%
Capital expenditures		(605	)				(479	)
Capital expenditures as a percentage of net income attributable to common shareowners				(16	)%				(15	)%
Free cash flow	$	3,973				$	3,751
Free cash flow as a percentage of net income attributable to common shareowners				109	%				118	%

United Technologies Corporation

Notes to Condensed Consolidated Financial Statements

(1) Debt to total capitalization equals total debt divided by total debt plus equity. Net debt to net capitalization equals total debt less cash and cash equivalents divided by total debt plus equity less cash and cash equivalents.

(2) Organic sales growth represents the total reported increase within the Corporation’s ongoing businesses less the impact of foreign currency translation, acquisitions and divestitures completed in the preceding twelve months and significant non-recurring items.

(3) We previously reported “Other income, net,” which included “Interest income,” as a component of “Revenues.” “Other income, net,” excluding “Interest income,” is now reflected separately, while “Interest income” is now netted with “Interest expense” for financial statement presentation.

(4) Free cash flow, which represents cash flow from operations less capital expenditures, is the principal cash performance measure used by UTC. Management believes free cash flow provides a relevant measure of liquidity and a useful basis for assessing UTC’s ability to fund its activities, including the financing of acquisitions, debt service, repurchases of UTC’s common stock and distribution of earnings to shareholders. Other companies that use the term free cash flow may calculate it differently. The reconciliation of net cash flow provided by operating activities, prepared in accordance with generally accepted accounting principles, to free cash flow is shown above.