Blumenthal: Conn. impact possible in Pentagon cuts

HARTFORD, Conn. (AP) — U.S. Sen. Richard Blumenthal says federal budget cuts known as the sequester could damage Connecticut's significant aerospace industry.

The senior senator was in Toulouse, France, on Monday on a trade trip intended to boost Connecticut contracts with Airbus.

Without action by President Barack Obama and Congress, the Pentagon spending cuts will occur on March 1.

In a conference call with reporters, Blumenthal said many contracts have already begun. He says the sequester, if it happens, will not end production soon.

However, Blumenthal said the impact would be unwelcome.

Greg Hayes, chief financial officer of United Technologies Corp., told investor analysts on Feb. 7 he expects the sequester to happen. He says the impact on the aerospace conglomerate's profit will be small, but it will be felt.

Copyright 2014 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

 

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Connecticut (change)

 
Connecticut has 169 cities and towns, which serve as the fundamental local political subdivision of the state. Connecticut is the 5th of the original thirteen United States.
 
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Governor: Dan Malloy
Lieutenant Governor: Nancy Wyman
Attorney General: George Jepsen
State Treasurer: Denise L. Nappier

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