United Technologies to split into three companies

United Technologies is to break into three independent entities, following in the footsteps of companies like General Electric or Honeywell and splitting one of the last industrial conglomerates in the United States.CEO Gregory Hayes had previously hinted at dividing the $103 billion conglomerate, based in Farmington, Connecticut, and on Monday the company made the decision final.One of the new stand-alone entities will keep the name United Technologies (UTC) -- made up of Collins Aerospace and