UTC Fire & Security Acquires Red Hawk Industries

FARMINGTON, Conn., Sept. 5, 2006 – UTC Fire & Security, a business unit of United Technologies Corp. (NYSE:UTX), announced today an agreement to acquire Red Hawk Industries, an integrated security solutions provider with branch locations throughout the United States. The transaction is subject to antitrust review and approval.

Based in Denver, Colo., Red Hawk installs, integrates, repairs and maintains a full range of security technology products and equipment from electronic solutions such as video surveillance to physical equipment such as safes, vaults and ATMs. The company employs approximately 800 people in the U.S. and had 2005 sales of $142 million. The purchase price is slightly less than one times sales.

"This is an important strategic acquisition that will expand our security services footprint in the US and complement the existing security business in North America," said Bill Brown, UTC Fire & Security president. "Red Hawk is a strong player in the financial services segment. Its ability to deliver integrated security solutions combined with its expertise in ATM placement and maintenance will enable us to provide additional value to our current and future customers."

UTC Fire & Security is a global provider of fire safety and security solutions serving more than one million customers throughout the world. 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 release includes "forward looking statements" concerning the anticipated completion and benefits of a transaction that remains subject to uncertainties. Important factors that could cause actual results to differ materially from those anticipated or implied in forward looking statements include delays or inability to obtain necessary regulatory approvals and changes in anticipated or actual economic conditions. 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 in the "Business" section of UTC's Annual Report on Form 10-K, the information included in UTC's 10-K and 10-Q Reports under the heading "Management's Discussion and Analysis of Financial Condition and Results of Operations," and the information included in Current Reports on Form 8-K.