United Technologies Corp. Reaffirms 2009 Outlook at Paris Air Show

HARTFORD, Conn., June 15 /PRNewswire-FirstCall/ -- United Technologies Corp. (NYSE: UTX - News) President and Chief Executive Officer Louis Chenevert and Senior Vice President and Chief Financial Officer Greg Hayes will meet today with investors at the Paris Air Show. They will reaffirm UTC's expectations for 2009 revenues of approximately $55 billion, earnings per share in the range of $4.00 to $4.50, and cash flow from operations less capital expenditures equal to or in excess of net income attributable to common shareowners.
United Technologies, based in Hartford, Conn., is a diversified company that provides high technology products and services to the building and aerospace industries.
This release includes "forward looking statements" concerning expected revenue, earnings, cash flow and other matters that are subject to risks and uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include further deterioration or extended weakness in global economic conditions; further tightening or extended contraction in credit conditions; the impact of volatility and deterioration in financial markets on overall levels of economic activity; declines in end market demand in construction and in both the commercial and defense segments of the aerospace industry; fluctuation in commodity prices, interest rates, foreign currency exchange rates; the impact of weather conditions; the impact of economic conditions and deterioration on the financial strength of customers and suppliers; decreases in air travel; the availability and impact of acquisitions; the rate and ability to effectively integrate the acquired businesses; the ability to achieve cost reductions at planned levels; challenges in the design, development, production and support of advanced technologies and new products and services; delays and disruption in delivery of materials and services from suppliers; labor disputes; and the outcome of legal proceedings. The level of share repurchases may vary depending on the level of other investing activities. 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 included in UTC's 10-K and 10-Q Reports under the headings "Business", "Risk Factors", "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Cautionary Note Concerning Factors that May Affect Future Results", as well as the information included in UTC's Current Reports on Form 8-K.