Article: Otis Elevator Wins Contracts To Modernize Elevator Systems In Paris' La Defense Business District.

Business Editors

PARIS-(BUSINESS WIRE)--April 9, 2002--Otis Elevator Company has been awarded contracts valued at 11.5 million euro (US$10.3 million) to modernize elevator systems in three high-rise office towers in the prestigious La Defense business district in Paris. Otis is a unit of United Technologies Corp. (NYSE: UTX)

La Defense, the first area of a major European city designed and dedicated to business and commerce, is home to 1,500 companies in Paris employing more than 150,000 people.

The contracts, awarded following aggressive competition, call for Otis to modernize or replace a total of 54 elevators in the Puteaux Bureaux (PB 12), ...

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