United Technologies sales "Dynamic" led by carrier, Pratt

April 20, 2011, 8: 14 am EDT by Rachel Layne

(Updates with orders, translation of currency in the third paragraph).

April 20 (Bloomberg)--United Technologies Corp. said 2011 sales be at the upper end of its forecast after its carrier air-conditioning and Pratt & Whitney jet-engine units in the first quarter gains fuelled by the growth of the economy.Sales in 2011 can be $ 57 billion, up from earlier projections of at least $ 56 billion, the Hartford, Connecticut - based company said in a news release. Director General Louis Chenevert raised the benefit of the whole of the forecast by a nickel for as much as $5.40 per share.Orders rose through the divisions such as Pratt & Whitney connected investment more for its new geared turbofan and carrier benefited from residential U.S. application for cooling. Earnings per share has been strengthened by 1 cent per share of translation of the motto in U.S. dollars and hedgerows to the Canada. Gets it technologies more than half of its sales abroad. "" The global economic recovery continues to gain ground, as evidenced by the fine momentum of our markets ", Chenevert said in the statement.Sales in the first quarter rose 11% to 13.3 billion, with existing revenues of the companies rose 9%, the company said. United Technologies, said. Net income increased by 17% to 1.01 billion dollars, or $1.11 per share, $ 866 million, or 93 cents.Analysts expected first-quarter earnings of $1.07 per share on sales of $ 12.8 billion, average estimates of analysts compiled by Bloomberg.United Technologies gravi $1.62 or 2%, to $83.98 at 8: 01, before the start of regular trading on the New York Stock Exchange.The business performance "underlines its position as a diversified industrial" of best-of-breed "Joel Levington, a Director General with Brookfield Investment Management in New York, said in a news release by e-mail. Results of the carrier and Pratt & Whitney "were best that we expected," said.Otis directs OrdersNew of detached parts equipment have increased by 17% in the first quarter, including a 3 percentage point increase of currency translation, while the commercial equipment to the carrier climbed 26%, including a 2 percentage point increase related to foreign currency exchange.Commercial orders to spare parts for the Pratt & Whitney engine company acquired by 33 percent, the company said. Geared turbofan engine Pratt has won this year on Airbus A320neos ordered by Lufthansa AG, low-cost Indian carrier IndiGo placement and arrested commercial lessor International Lease Finance Corp.Hamilton Sundstrand spare parts have increased by more than 23 year - there are periodChenevert in March had planned to 5.20 m $ to $5.35 per share for the benefit of sales 56 57 billion from $ of profit.The company bought back 750 million in stock in the quarter and spent $ 106 million on acquisitions. United Technologies repeated exercise prediction of $ 2.5 billion in the repurchase of shares and and acquisitions of $ 1.5 billion.

-Publishers: James Langford, Cecile Daurat

To contact the reporter on this story: Rachel Layne in New York at the rlayne@bloomberg.net

To contact the editor responsible for this story: Ed Dufner at edufner@bloomberg.net.

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