Hamilton Sundstrand Announces Nearly $300 Million in New Business at Farnborough Air Show

FARNBOROUGH, England, July 21 /PRNewswire-FirstCall/ -- FARNBOROUGH AIR SHOW -- Hamilton Sundstrand, a subsidiary of United Technologies Corp. (NYSE: UTX), announced nearly $300 million in new business at the 2010 Farnborough Air Show. The new business includes cumulative revenues over the expected life of the agreements.

That new business includes OEM agreements with COMAC on its new C919 large commercial aircraft, Israir Airlines and Tourism LTD on its two new Airbus A320 aircraft, and Qatar Airways on its fleet of 24 Airbus A320 family aircraft. It also includes aftermarket agreements with Air Arabia, British Airways, Tianjin Airlines and Air Niugini.

Hamilton Sundstrand aftermarket agreements come in the form of spare parts, repair, Maintenance Service Programs, On-Site Support, and Comprehensive Asset Repair and Exchange (C.A.R.E.).

With 2009 revenues of $5.6 billion, Hamilton Sundstrand is headquartered in Windsor Locks, Conn. Among the world's largest suppliers of technologically advanced aerospace and industrial products, the company designs, manufactures and services aerospace systems and provides integrated system solutions for commercial, regional, corporate and military aircraft. It also is a major supplier for international space programs.

United Technologies Corp., based in Hartford, Conn., is a diversified company providing high technology products and services to the building and aerospace industries worldwide.

This press release contains forward-looking statements concerning potential production and sale of Hamilton Sundstrand aerospace products and services. Important uncertainties that could cause actual results to differ materially from those anticipated include the severity and duration of global recessionary conditions; the impact of volatility and weakness in financial markets on overall levels of economic activity; declines in end market demand in the aerospace industry; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corporation's Securities and Exchange Commission filings.

SOURCE Hamilton Sundstrand

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