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PRESS RELEASE

SMBC Aviation Capital Selects Pratt & Whitney PurePower® Engines for A320neo Order

PARIS AIR SHOW, Paris, June 16, 2015

SMBC Aviation Capital, the world's third largest aircraft lessor, has chosen Pratt & Whitney's PW1100G-JM engine to power 30 of its Airbus A320neo aircraft. Deliveries are scheduled to begin in 2017. The PurePower engine family has completed 19,000 hours and 34,000 cycles of full engine testing, including 5,000 hours of flight time. Pratt & Whitney is a United Technologies Corp. (NYSE:UTX) company.

"SMBC Aviation Capital is pleased to have Pratt & Whitney's industry-leading PurePower engines powering a sizeable portion of our fleet of Airbus A320neos," said Peter Barrett, CEO of SMBC Aviation Capital. "We focus on supplying our customers with aircraft that are the right solutions for their specific needs and requirements, and we are confident that the Pratt & Whitney powered A320neo will provide them with a highly efficient and dependable solution."

"The lessor community is very important to Pratt & Whitney and we are honored to provide our game-changing PurePower engines for SMBC Aviation Capital," said Greg Gernhardt, president, Pratt & Whitney Commercial Engines. "Customers continue to select the PurePower engine because they recognize they are investing in their future since no other engine today can deliver similar value in terms of reductions in noise, fuel burn, emissions and overall cost savings."

SMBC Aviation Capital is the world's third largest aircraft lessor, with a modern fleet of over 370 owned and managed aircraft valued at more than $10.5bn. SMBC Aviation Capital has 95 airline customers and over 42 investors in more than 40 countries around the world. It is headquartered in Dublin and has offices in, Tokyo, Shanghai, Beijing, Hong Kong, Singapore, New York, Amsterdam, Toulouse and Seattle.

Japanese Aero Engines Corporation (JAEC) is a 23% collaboration partner in PW1100G-JM program. JAEC is responsible for development, manufacturing and engineering support of the fan, low-pressure compressor, combustor, and low-pressure shafts. JAEC is a consortium, consisting of three Japanese companies: IHI (65%), Kawasaki Heavy Industries (25%), and Mitsubishi Heavy Industries (10%).

Pratt & Whitney is a world leader in the design, manufacture and service of aircraft engines and auxiliary power units. United Technologies Corp., based in Hartford, Connecticut, provides high-technology systems and services to the building and aerospace industries. To learn more about UTC, visit its website at www.utc.com, or follow the company on Twitter: @UTC.

This press release contains forward-looking statements concerning future business opportunities. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to changes in levels of demand in the aerospace industry, in levels of air travel, and in the number of aircraft to be built; challenges in the design, development, production and support of advanced technologies; as well as other risks and uncertainties, including but not limited to those detailed from time to time in United Technologies Corp.'s Securities and Exchange Commission filings.