Seeking Alpha

United Technologies details impact of shutdown

  • United Technologies (UTX) says the government shutdown means DCMA inspectors will not be available for audits and approvals of military products and as such, "certain defense manufacturing work must be halted, which will result in employee furloughs."
  • Specifically, UTX will place ~2K Sikorsky workers on furlough starting Monday and will be forced to furlough employees in its Pratt & Whitney and Aerospace Systems businesses if the shutdown drags on through next week.
  • Should the shutdown somehow be allowed to continue into November, the number of affected employees could exceed 5K, the company warns. (PR)
Comments (5)
  • sfried01
    , contributor
    Comments (3) | Send Message
     
    it is so sad that a few radicals in congress can cause such pain for our country. hopefully they those congressmen will feel the pain that they are causing these workers when they are defeated next November. you cant fool all of the people all of the time.
    3 Oct 2013, 01:05 AM Reply Like
  • tony1066
    , contributor
    Comments (67) | Send Message
     
    If these radicals are saying no to another government run spending plan I.E. Obamacare, then they are heroes in my book. We do not need another pool of money for the politicians to raid. All these entitlements that we have, Medicare, Medicaid, social security, etc have no cash to back them up. All they have are IOUs they need to eventually be paid for. What does that say about us that we as a country like to spend and spend again, but there is no money. Yes, I trust that in November, the American people will not be fooled.
    3 Oct 2013, 05:52 AM Reply Like
  • Mongo Lobo
    , contributor
    Comments (14) | Send Message
     
    it is so sad that enough of the 47% in this country managed to vote twice to win an election

     

    If paying your bills, balancing your checkbook and expecting others to do the same is radical, it's OK with me.
    4 Oct 2013, 02:35 PM Reply Like
  • Mongo Lobo
    , contributor
    Comments (14) | Send Message
     
    "those congressmen" are doing what they were elected to do. the "radical" is in the White House, refusing to negotiate and pretty much behaving like a spoiled baby.
    4 Oct 2013, 02:35 PM Reply Like
  • paramdham
    , contributor
    Comments (42) | Send Message
     
    is it any thing to be ashamed of, to state that you live within your earnings,, save what you can within that ,, AND build credit history that banks drool over ,society respects, your word is better than gold anywhere,anytime!??
    is it any thing to be proud of to be-- a parasite a permanent hobo depending on society's handouts ! to be a plaything of rabble rousing political scoundrels,those who want us to be a permanently squat in front of them wagging the tail and begging for scraps and crumbs!!!
    don't we look down upon the"emerging market-developing nation status hordes! do you get any pleasure when they sneer at the debased $, the unending ballooning debt!!....I do not like the usa to be called as a has-been!
    it is shameful enough to hear the likes of india even mentioning
    "internationalizing their peanuts currency to replace the$ as a reserve currency! that it is a borrowed term from the Chinese dragon does not detract from the contempt the usa is growingly held in--- thanks to the people in the whitehouse --- shame that usa is seen tobe a soon to become beggars - nation with pockets of talented hardworking middleclass that is being bled white
    8 Oct 2013, 03:32 AM Reply Like
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