Newly integrated with Rockwell Collins, United Technologies announced late Nov. 26 it will spin off non-aerospace business units Carrier and Otis and become a pure-play, potentially $50 billion Tier 1 aerospace parts, engines and services provider. The decision to spin off the Carrier heating and cooling and Otis elevators businesses was announced the same day UTC closed on its record-making $30 billion acquisition of Rockwell. Long-expected by Wall Street, UTC’s breakup heralds an ...

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