Rapid Fire Nov. 20, 2012: Honeywell Plans for Almost Full SequesterNov 20, 2012 10:15 UTC by Defense Industry Daily staff
- Honeywell briefed [PDF] investors on their outlook for the years ahead, which they base on the assumption that 80% of sequestration funding cuts may happen. They estimate that their revenue at risk in case of full sequestration is limited to just 2% of revenue thanks to their diversified portfolio and expected growth outside of the US. This might help explain their vocal support for federal debt reduction, contrarily to the position of prime contractors such as Lockheed Martin.
- In a letter [PDF] to House Armed Services Committee chairman Buck McKeon, the Pentagon’s director for Operational Test & Evaluation Michael Gilmore notes a number of learnings from the the F-22A program that helped limit corrosion on F-35s, from design decisions to how and where to conduct tests (i.e. fly outside of hot dry deserts).