The industrial conglomerate—which owns jet-engine maker Pratt & Whitney, Otis elevators, and Carrier air conditioners, among others—barely budged from last year’s Fortune 500 as it takes a hard look at its sprawling collection of businesses in the wake of its $30 billion acquisition of aerospace systems provider Rockwell Collins in late 2017. The company sees plenty of opportunity in each one of its segments, but over the long term, and its prospects for growth come measured in years, not quarters.
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The conglomerate is breaking up into Otis, Carrier and an aerospace business.
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Splitting United Technologies could free up Pratt & Whitney jet engines, Otis elevators, and Carrier air conditioners and boost the stock.