OTIS + CARRIER (including Fire & Security) are now one new business unit
HARTFORD, Conn., Sept. 23, 2013 /PRNewswire/ -- United Technologies Corp. (UTX) today announced the formation of UTC Building & Industrial Systems, combining Otis Elevator Company and UTC Climate, Controls & Security, and named Geraud Darnis as President & CEO of this new organization.
UTC Building & Industrial Systems will be the world's largest high-technology building systems provider with more than 120,000 employees, $29 billion in annual sales and a direct presence in more than 60 countries. The organization's products include Otis elevators and escalators; Carrier heating, air-conditioning and refrigeration systems; and fire and security solutions from brands such as Kidde and Chubb.
note that there is more in the article, link at the UTX summary page.
Seems to me that UTC is doing anything and everything to make the numbers and keep the stock rising. Hopefully they will get it right. Maybe they can even stop laying off people some day in the near future.