RTX (RTX) 10-Q 2001 Q3 Quarterly report

Exhibit 12

 UNITED TECHNOLOGIES CORPORATION
AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

	Nine Months Ended September 30,
In Millions of Dollars	2001		2000
Fixed Charges:
Interest expense	$	316	$	276
Interest capitalized		19		12
One-third of rents*		50		50
Total Fixed Charges	$	385	$	338
		======		======
Earnings:
Income before income taxes and minority interests	$	2,272	$	2,119
Fixed charges per above		385		338
Less: interest capitalized		(19)		(12)
		366		326
Amortization of interest capitalized		9		12
Total Earnings	$	2,647	$	2,457
		======		======
Ratio of Earnings to Fixed Charges		6.88		7.27
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* Reasonable approximation of the interest factor.