Business

August 8, 2012

Pratt & Whitney employees rally against sequestration cuts

Rep. Allen West, R-Fla., AIA Chairman and President of Pratt & Whitney, United Technologies Corporation David P. Hess, and more than 200 local workers rallied Aug. 8 at the Pratt & Whitney facility in Jupiter, Fla., to warn about the threat to U.S. economic and military strength posed by $1 trillion in sequestration budget cuts scheduled for January 2013.

A new study commissioned by AIA found that Florida could lose more than 79,000 jobs if Congress does not act to stop these cuts.

In addition to West and Hess, Palm Beach County Business Development Board Senior Vice President of Administration Gary Hines, Lockheed Martin Executive Vice President and General Manager of F-35 Program Integration Tom Burbage and Sikorsky Aircraft Vice President of Washington Operations and Government Business Development Scott Starrett addressed the workers and raised concerns over the impending budget cuts.

The speakers warned that, with only 146 days until the cuts go into effect, Congress needs to act now to stop the clock on sequestration and enact alternative means of deficit reduction.

“Make no mistake; sequestration budget cuts are a threat to American jobs, the economy and U.S. national security,” said Hess. “Sequestration is the wrong way to address the country’s fiscal challenges, and instead risks damaging a vital industrial sector as a consequence of a historic political gamble.”

Aerospace and defense supports more than 167,000 jobs in Florida, bringing $14 billion in revenue and fueling $5 billion in exports – an economic powerhouse that has needlessly been placed at risk.

AIA began its Second to None campaign to educate our leaders, elected officials and the general public about the threat sequestration cuts pose to our national security, economy and industrial base capabilities. These cuts threaten not only the high-salary high-skilled jobs in the aerospace and defense industry, but also teachers, nurses, and federal, state and local government workers across the entire nation.

Rallies like this event are being scheduled across the country to bring home the risk to innovative companies like Pratt & Whitney and their communities and to urge Congress to find an alternative to sequestration cuts as soon as possible to avoid massive disruptions in our workforce and businesses.




All of this week's top headlines to your email every Friday.


 
 

 

Boeing announces SF Airlines order for Boeing converted freighters

Boeing announced Oct. 23 that SF Airlines has placed an order for an undisclosed number of 767-300ER passenger-to-freighter conversions (Boeing Converted Freighters). SF Airlines, a subsidiary of Shenzhen, China-based delivery services company SF Express, will accept its first redelivered 767 in the second half of 2015. “SF Express aims to become China’s most respected and...
 
 
LM-C130

Another Super Herc Little Rock Rollin’

  Lockheed Martin delivered another C-130J Super Hercules to the 61st Airlift Squadron at Little Rock Air Force Base, Ark., Oct. 23. Little Rock AFB’s new C-130J was ferried from the Lockheed Martin Aeronautics facility ...
 
 

United Technologies beats third quarter profit expectations

United Technologies Corp. Oct. 23 reported third-quarter profit of $1.85 billion as sales increased across all its businesses and the aerospace giant reported favorable tax settlements. The Hartford, Conn.,-based company said it had profit of $2.04 per share and earnings, adjusted for non-recurring gains, came to $1.82 per share. The results topped Wall Street expectations,...
 

 

Raytheon SM-6s intercept targets in ‘engage on remote’ tests

During the U.S. Navy’s Combat Ship System Qualification Trials, the USS Chancellorsville (CG 62) tested two Raytheon Standard Missile-6 interceptors against anti-ship and cruise missile targets. As part of ‘engage on remote’ scenarios, the ship launched the SM-6 interceptors prior to its own radars ‘seeing’ the incoming threats, using targeting information from ano...
 
 

General Dynamics receives $19 million contract for submarine planning services

The U.S. Navy has awarded General Dynamics Electric Boat an $18.9 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics. Initially awarded in November 2011, the contract has a potential value of $121.2 million through...
 
 

Passenger jets push Boeing’s profit up 18 percent

Robust demand for commercial jets and an increased pace of production helped Boeing earn $1.36 billion in the third quarter, up 18 percent from the same period last year. On a per-share basis, the Chicago-based company said it had a profit of $1.86. Adjusted for non-operating costs, earnings came to $2.14 per share, better than...
 




0 Comments


Be the first to comment!


Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>