United Tech to Break Itself Into Three Companies

Among the items United Technologies produces are Pratt & Whitney jet engines. Photo: Chris Ratcliffe/Bloomberg News By Dana Mattioli and Dana Mattioli The Wall Street Journal Biography Thomas Gryta Thomas Gryta The Wall Street Journal Biography Updated Nov. 26, 2018 6:58 p.m. ET

United Technologies Corp. UTX 0.20% has decided to separate itself into three independent companies, breaking apart one of America’s last industrial conglomerates.

The company, which makes everything from Otis escalators to Pratt & Whitney jet engines, said Monday that it plans to spin off to shareholders its Otis division and Carrier

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