FARMINGTON, Conn., May 4, 2018 – United Technologies is in receipt of a correspondence from Third Point in which it expresses its views on the company’s portfolio structure, including several points the company has already discussed publicly in the past. While UTC disagrees with several of the assertions contained in the Third Point letter, the company is always open to the input of shareholders.
We remain focused on executing against our strategic plan, closing the acquisition of Rockwell Collins, and delivering the value Collins Aerospace will enable. As we have previously announced, following the closing of this transformative acquisition, our Board will conduct a full review of the UTC portfolio. We expect this review to be completed in 2018 and will provide an update to the investment community as soon as practicable.
While it is our policy not to comment on specific discussions with individual investors, we are committed to maintaining constructive dialogue with shareowners representing all points of view.
United Technologies Corp., based in Farmington, Connecticut, provides high-technology systems and services to the building and aerospace industries. By combining a passion for science with precision engineering, the company is creating smart, sustainable solutions the world needs. To learn more about UTC, visit the website or follow the company on Twitter: @UTC .
This release includes statements that constitute “forward-looking statements” under the securities laws. All forward-looking statements involve risks, uncertainties and assumptions that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For additional information identifying risk factors and uncertainties, see our reports on Forms 10-K, 10-Q and 8-K filed with the SEC from time to time.