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UTC Announces Major R&D Investment in Connecticut
 
United Technologies Corporation (UTC) will invest up to $500 million to upgrade and expand its aerospace R&D and manufacturing facilities in Connecticut, including a new global engineering center of excellence for Pratt & Whitney.

At the same time, UTC will invest up to $4 billion in overall research and other capital expenditures, impacting more than 75,000 jobs.

Learn more here.
The Farnborough International Airshow 2014

Learn about Connecticut’s advantages in Hall 2, Booth B14




Click here to schedule an appointment with a Connecticut representative.
State Profile
Why Connecticut Can Be Your Aerospace Fast Track

First, you join more than 1,000 aerospace manufacturers and components firms. In a state with a high concentration of productive talent, innovative resources and potential partners, Connecticut delivers a competitive edge.

Our Concierge Service will work with you to find the right site, expedite licenses and permits, and help you draw from one of the industry’s most skilled workforces. We’ll connect you to public/private partnerships with companies and university programs. You’ll get extensive technical support as you arrive and as you find success.

You’ll get an individualized package that can include attractive financial and tax incentives.

Come to Connecticut and see why we’re the hub for aerospace progress.
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FYI
The Connecticut Advantage
 
  • Home to over 1,000 aerospace companies 
  • Aerospace worker productivity nearly 20 percent higher than the national average 
  • Third-highest concentration of jobs and location quotients for aerospace engineers 
  • Connecticut’s 2013 aerospace exports: $7.6 billion, 46 percent of the state’s total
SmartBrief Archives: Related News
  • HAC-D bill a big win for defense manufacturers
    Defense manufacturers appear to have reason to applaud the 2015 spending bill approved by the House Appropriations Committee Defense subcommittee. The $570.4 billion budget provides $91.2 billion for defense contractors, a $1.6 billion boost from the White House request. "This [weapons] funding will help ensure our nation's military readiness by providing the necessary platforms, weapons and other equipment our forces need to train, maintain our force and conduct successful operations," the subcommittee summary states. Defense News (6/1)
  • War's end won't mean big drop in defense spending, contractors predict
    Even with the Afghanistan drawdown, the Overseas Contingency Operations spending at the Pentagon isn't likely to fall as steeply as predicted, says a major U.S. defense contractor. "I don't believe that it's going to go down" to the $30 billion in 2016 that the Pentagon has outlined, said Ralph D’Ambrosio, chief financial officer at L-3 Communications Holdings. "Even after the drawdown from Afghanistan, there are other OCO engagements that are underway, and there are likely to be others," he said. The Wall Street Journal (tiered subscription model)/Corporate Intelligence blog (6/5)
  • Defense investors ask: "Is the worst over?"
    Wall Street is confused about whether defense spending has hit bottom or whether sequestration's effects will be felt in coming years, experts say. Part of the problem is confusion over the Pentagon's modernization outlays, which lag the budget authority for modernization, which includes weapons purchases. "Nobody knows what to make of it," said analyst David Strauss, of UBS Investment Research. NationalDefenseMagazine.org/blog (6/1)
  • New exhibitors flooding Farnborough
    More than a quarter of the exhibitors at July's Farnborough International Airshow will be new, and that combined with appearances from the Lockheed Martin F-35 Lightning II and Airbus A350 are stirring interest in the biennial event. The influx of new companies -- and three new countries -- represented at the event showcases stronger economic conditions for the aerospace industry than in recent years. AIN Online (6/2)
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