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Across the portfolio, there were many other accomplishments in 2012. Among them, Sikorsky achieved a major milestone by certifying the S-76D helicopter, which provides customers with higher cruise speeds, better fuel efficiency, greater reliability, and future capabilities, including rotor de-icing. Pratt & Whitney continued to win significant orders for its revolution- ary PurePower Geared Turbofan engine, with nearly 3,000 announced engine orders, including options, as of the end of 2012. Engine testing has been completed for the Bombardier CSeries and has begun for the Airbus A320neo. Ground and flight testing has validated the expected improvements in fuel burn, emissions and noise reduction. In January 2013, Embraer became the fifth aircraft manufacturer to select the PurePower engine when it announced the Geared Turbofan as the exclusive power for its new second-generation E-Jet aircraft family. This selection will greatly enhance Pratt & Whitney’s position in the commercial aerospace market for decades to come. 

On the commercial side, Otis continues to significantly strengthen its position by introducing new products tailored to specific end markets, including a Gen2 elevator application for the fast-growing social housing segment in China and an upcoming Gen2 application with a battery-backup system for the Indian and South Asian markets. Otis also significantly expanded its presence in China by opening a new manufac- turing facility in Chongqing, supporting growth in central and western China. This factory and new factories scheduled to open in Bengaluru and São Paulo in 2013 highlight Otis’ customer-focused strategy of investing in key growth markets around the world. 

A successful portfolio transformation positioned UTC Climate, Controls & Security for strong growth as the commercial construction and U.S. housing markets recover. The company also enhanced its position as a leading provider of efficient and sustainable solutions. New product launches included the high-efficiency Infinity 98 gas furnace; the WeatherExpert roof- top unit, the company’s most efficient commercial rooftop unit ever; and the new Kidde Worry-Free Smoke Alarm, significantly increasing fire safety in homes and reducing maintenance with 

01 Otis sets the standard for elevator performance, efficiency and comfort. Its Gen2 system reduces energy use by up to 50 percent compared to conventional systems. 

02 The F-35B Lightning II is powered by Pratt & Whitney’s F135 propulsion system, the world’s most advanced, capable fifth-generation fighter engine. 

a 10-year, sealed-in battery. UTC Climate, Controls & Security also strengthened its emerging market presence by increasing product localization, expanding its distribution footprint and establishing joint ventures in key markets. Highlighting this approach was the new joint venture in India with Midea and the opening of a new India manufacturing facility to take advantage of that nation’s fast-growing residential air-conditioning market. 

As always, United Technologies’ performance over the past year reflects the dedication and hard work of our leadership team and our nearly 220,000 employees around the world. On behalf of our shareowners, I thank all employees for their many contributions, and in particular, I want to recognize the 27,000 Goodrich employees who joined UTC this past July for their willingness to embrace change. The talent, skills and teamwork displayed during the integration process have been truly extraordinary, setting the stage for a bright new chapter for our company. 

I also thank our customers. We are grateful for the confidence and trust they place in our products and our people. We recog- nize customers have choices, and how we perform determines whether they choose us. We are committed to delivering the very best value to our customers by finding better, faster and more efficient ways to support their success. 

In closing, I am proud of what United Technologies accom- plished over the past year and excited about the momentum we have created. The entire team is now focused on integrating, executing and accelerating our performance to deliver UTC-style earnings growth well into the future. 

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03 UTC Aerospace Systems’ integrated, low-weight landing gear solutions use advanced materials and environmentally friendly coatings to reduce wear and resist corrosion. 

04 With more than 2,300 aircraft in service and more than 30 years of legendary performance, the Sikorsky BLACK hAWK helicopter remains the first choice for tactical operations worldwide. 

05 A Carrier technician services an AquaForce 30XA air-cooled chiller, one of the most energy efficient on the market. 

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