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 @DanaMattioli email@example.com Thomas Gryta Thomas Gryta The Wall Street Journal Biography @tgryta Thomas.Gryta@wsj.com 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