United Technologies [UTX] on Oct. 21 reported a strong increase in net earnings driven by tax benefits, higher segment operating profits and lower restructuring costs while sales increased on strength across its business segments.

Net income jumped 31 percent to $1.9 billion, $2.04 earnings per share (EPS), from $1.4 billion ($1.55 EPS), topping consensus estimates of $1.81 EPS. Sales increased 5 percent to $16.2 billion from $15.5 billion, with all of the growth organic.

All five of UTC’s operating segments contributed to the top line growth, with each up in the mid-single digits. UTC Aerospace Systems led the way with 7 percent growth on commercial sales while military business was up slightly.

The Pratt & Whitney engine division was up 5 percent on commercial aftermarket sales, which more than offset lower military engine sales. The Sikorsky helicopter division was also up 5 percent despite fewer military and commercial aircraft sales as development programs and international military programs led the way.

Sikorsky was the only division to post lower operating income, which was down 11 percent on unfavorable contract adjustments and a mix of military helicopters and aftermarket business that was less profitable.

At UTC Aerospace, profits were up 14 percent on higher commercial sales and cost cutting. Pratt & Whitney’s profits climbed 15 percent on lower pension costs, restructuring savings, and higher commercial aftermarket sales.

Free cash flow in the quarter was $1.5 billion. The company left its 2014 guidance intact.

UTC provided a rough outlook for 2015 with positives being continued economic recovery in the United States, the commercial aerospace aftermarket, the business jet and general aviation aircraft aftermarket, and cost cutting. Negatives include the U.S. defense market and commercial aircraft engine margins. Question marks include economies in Europe and emerging markets, the geopolitical environment, pension and foreign exchange impacts.