Pratt & Whitney President, David Hess, Talks Sequestration

Pratt & Witney, David Hess talks sequestration (sequestration begins at the three quarters mark)

David P. Hess, President, Pratt & Whitney, United Technologies Corporation, sits down with Bloomberg Television’s Willow Bay at the Milken Institute 2012 Global Conference in Los Angeles April 30 to discuss the effects of sequestration on the company’s ability to produce jet engines.  When discussing the mandatory budget cuts during the interview, Hess stated that “the budget cuts if [Congress] enacts sequestration could mean one million jobs in the industry.”