
United Technologies Corp. [UTX] on Wednesday posted higher sales and earnings in the fourth quarter driven by strong organic growth at Pratt & Whitney and Collins Aerospace and strong operating profit in its climate control business. UTC’s earnings were also aided by a lower than expected tax rate in the fourth quarter. Net income in the quarter increased 73 percent to $686 million, 83 cents earnings per share (EPS), from $397 million (50 cents EPS) a year ago, driven primarily…