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PRESS RELEASE

Pratt & Whitney Moves to the IBM Cloud to Manage Expected Growth

FARNBOROUGH, UNITED KINGDOM, Tuesday, July 12, 2016

Pratt & Whitney, a United Technologies Corp. company (NYSE:UTX), and IBM (NYSE:IBM) today announced that Pratt & Whitney will move its enterprise systems, including engineering and manufacturing, to a fully managed and supported environment on the IBM Cloud infrastructure.

Due to the market success of its broad portfolio of commercial and military engines, Pratt & Whitney is expected to more than double engine production by 2020. Having made investments in its facilities, supply chain, technology and people, Pratt & Whitney is well-positioned to support the increase in engine production. The expanded facilities and an enhanced supply chain will result in significant data growth and the need to securely store, quickly access and take action with the new data.

"Working with IBM and moving our enterprise systems to a managed cloud service will give us the ability to scale quickly and meet the increased demands for computing services, data processing and storage based on Pratt & Whitney's forecasted growth" said Brian Galovich, vice president and chief information officer, Pratt & Whitney. "Data is one of the fastest growing resources we have, and it requires an environment to not only house it, but one that has the flexibility and scale to grow with it."

This builds off on an earlier agreement under which IBM is assisting Pratt & Whitney to broaden its current performance monitoring capabilities of operational commercial engines by leveraging the IBM analytics platform. These predictive capabilities help provide Pratt & Whitney customers with longer time on-wing, complement current asset maintenance alerts and deliver greater insight into flight operational data. Pratt & Whitney will host this data growth and workload on the IBM Cloud.

"IBM Cloud managed services will provide Pratt & Whitney with critical resources to manage, analyze and grow its infrastructure dynamically to accommodate the company's growth," said Philip Guido, general manager, IBM Services, North America. "Pratt & Whitney will be able to gain greater insights across its operations as it builds understanding and learning into its information technology."

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

IBM Global Technology Services (GTS) provides end-to-end IT consulting and business services supported by a global delivery network. As a cloud services integrator, GTS offers services and infrastructure in an integrated and unified way to assist customers in meeting increasingly complex demands. GTS provides clients with innovative technology solutions that help them to improve their business processes.

This press release contains forward-looking statements concerning future business opportunities and product performance. 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, government procurement priorities and practices, budget plans and availability of funding, 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.