United Technologies

(UTX) - Get Report

expects profits to increase 15% in 2001, as acquisitions drive revenue growth and margins begin to improve.

Revenue could grow 7% to 10% for the year, the manufacturing company said. United Technologies, which is based in Hartford, Conn., owns elevator company

Otis

, air conditioning concern

Carrier

and engine maker

Pratt & Whitney

.

First Call/Thomson Financial

polled 16 analysts, who offered a consensus estimate of $4.07 a share for 2001. The company earned $3.55 in 2000. Analysts expect United Technologies, a component of the

Dow Jones Industrial Average

, to report revenue of $28.14 billion in 2001, up from $26.58 billion last year.

In morning trading on the

New York Stock Exchange

, United gained 56 cents, or 0.8%, to $75.44.