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Reply #4: United Technologies cleaning up under Bush (Once owned by Carlyle Group) [View All]

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Tempest Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Sep-10-04 05:44 PM
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4. United Technologies cleaning up under Bush (Once owned by Carlyle Group)
Bush's $396 Billion Military Budget: "Leave No Defense Contractor Behind"

United Technologies gets the bulk of its defense contracts through subsidiaries Sikorsky, best known for its line of Black Hawk helicopters, and Pratt & Whitney, one of the largest manufacturers of aircraft engines in the world. Revenues from these two units and from United Technologies other (non-military) productsincluding elevators, heating and air-conditioning units, flight systems and fuel cellshelped bring in nearly $28 billion for the company last year.

The Influence
2003 Campaign Contributions: $137,000 (52 percent to Republicans)
2003 Lobbying Expenditures: $1.5 million
Notable Lobbyist: Copeland Lowerys Letitia Hoadley White, former aide for House Defense Appropriations Subcommittee Chairman Jerry Lewis (R-Calif.)

The Payback
One of the biggest budget items benefiting United Technologies is the $1.1 billion Congress set aside for development of the RAH-66 Comanche. Sikorsky, along with Boeing, is a primary contractor for the Army reconnaissance helicopter. Of no less importance was Congress approval of $228 million for 19 Sikorsky Black Hawk Army helicopters. In June, a House subcommittee asked the Pentagon to investigate reports of quality control issues in the Black Hawk program.


Former EPA head to join United Technologies board

NEW YORK - Christine Todd Whitman, the former head of the U.S. Environmental Protection Agency, will join the board of United Technologies Corp. (UTX.N: Quote, Profile, Research) , the military helicopter and elevator maker said on Wednesday.


U.S. CEOs Who Outsource Get Bigger Pay Hike-Survey

The top 50 outsourcing firms included United Technologies Corp., where
CEO George David's pay rose 629 percent to $70.5 million last year;

Hartford-based United Technologies Corp. will eliminate 3,600 jobs
through 2005 at its various subsidiaries, according to information
filed this week with the Securities and Exchange Commission as part of
its first-quarter report.

Carrier to shut Syracuse plants
About 1,200 of the site's 2,800 employees will lose their jobs as
company shifts work to Asia. /

CHICAGO (Reuters) - Carrier Corp., the world's largest maker of air
conditioning, heating and refrigeration equipment, said Monday it will
close two manufacturing plants in Syracuse, N.Y., next year and shift
most of the work closer to its customers in Asia.

About 1,200 of the site's 2,800 employees will lose their jobs as a
result. Carrier, a unit of Hartford, Conn.-based United Technologies
Corp. (UTX: up $0.03 to $81.83, Research, Estimates), employs about
40,000 people at 81 locations worldwide.
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