Carrier China Wins $17 million Exclusive Equipment Contract with CES Investment

Carrier China has signed a contract worth $17 million (RMB 100 million) with China Eastern Airlines Investment Co., Ltd. (CES Investment) to provide XCT7 variable refrigerant flow (VRF) systems for commercial offices and residential projects throughout China. CES Investment is a subsidiary of China Eastern Airlines Group Co., Ltd., with real estate development, asset operation and capital construction project management at the core of its business. The contract is one of the largest single VRF contracts that Carrier has ever signed, representing a new milestone for Carrier China's Light Commercial business. Carrier China is part of Carrier Global Corporation (NYSE: CARR), a leading global provider of healthy, safe and sustainable building and cold chain solutions.