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UTCQR Form 3 United Technologies

UTCQR Form 3 United Technologies

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the federal budget sequester significantly cut defense spending are you budgeting for the sequester to continue unfortunately we are and i think again we went into this year that is 2013 thinking that unlikely the sequester would actually happen we had told our investors going to the year we're not going to plan for it but if it is it'll cost us about 10 cents a share well it really did happen and in fact our sikorsky helicopter business you know the maker of blackhawk helicopters they saw their spare parts revenue to the military down by 50 this year huge numbers um and so as we think about 2014 we think about the dysfunction of washington dc the idea that they're actually going to have some type of a deal to avoid the sequester round two the sequester seems unlikely so our internal plan says it's going to happen we're taking actions obviously to address that one of the weirdest sagas in military contracting in recent years surrounds the presidential helicopter fleet marine one where

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