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## At A Glance 

United Technologies provides high-technology products and services to the aerospace and building systems industries throughout the world. UTC’s industry-leading companies are Pratt & Whitney, Carrier, Otis, UTC Fuel Cells, Hamilton Sundstrand and Sikorsky. The latter two make up the Flight Systems segment. UTC’s revenue and earnings both increased in 2002, despite challenging economic conditions, compared with 2001. Both diluted earnings per share and net income increased 15 percent to $4.42 per share and $2.2 billion, respectively. Revenues grew 1 percent to $28.2 billion. Commercial businesses Carrier and Otis generated 54 percent of total segment revenues, and international revenues contributed 56 percent of total revenues. Free cash flow * was strong at $2.3 billion, up from $2.2 billion in 2001. UTC’s debt to total capitalization ratio at the end of 2002 was 37 percent. 

## [ Products and Services ] 

## Pratt & Whitney 

Large and small commercial and military turbofan, turboprop and turboshaft engines; spare parts and product support; specialized engine maintenance and overhaul and repair services for airline, government and private fleets; rocket engines and space propul- sion systems; industrial gas turbines and aftermarket services to support the electrical generation, mechanical pump drive and marine propulsion markets. 

## Carrier 

Heating, ventilating and air conditioning (HVAC) equipment for commercial, industrial and residential buildings; HVAC replacement parts and services; building controls; commercial and transport refrigeration equipment. 

## Otis 

Elevators, escalators, moving walks and shuttle systems and related installation, maintenance and repair services; online design of elevator systems; online elevator and escalator service information; modernization products and services for elevators and escalators. 

## Sikorsky 

Military and commercial helicopters; spare parts and maintenance services for helicopters and fixed wing aircraft; and civil helicopter operations. 

## Hamilton Sundstrand 

Aircraft electrical and power distribution systems; engine and flight controls; propulsion systems; environmental controls for aircraft, spacecraft and submarines; auxiliary power units; space life support systems; industrial products including mechanical power transmissions, compressors, metering devices and fluid handling equipment. 

## UTC Power 

Fuel cell systems made by UTC Fuel Cells, microturbines and related products for commercial, transportation, residential and space applications including the U.S. Space Shuttle program. 

*Free cash flow is net cash provided by operating activities less capital expenditures as disclosed in the consolidated statement of cash flows. 

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