UTC is very well positioned to take advantage of 2 large megatrends: urbanization and the fast-growing commercial aerospace market.
Sentiment: POSITIVE
I'm confident UTC could outperform in all of our markets, starting with our commercial businesses. The largest opportunities for our commercial businesses are in emerging markets, and we're very well positioned there.
In terms of development of the company, the vast majority of our sales are in the Far East and we will expect to strengthen our activities there, perhaps even moving some of our engineering activities abroad.
I would still rather be in Silicon Alley. I like the West Coast also, but it's sort of fragmented. You have companies in downtown San Francisco, companies in Mountain View, and people are driving between them all. It's kind of nice in New York to just jump in a cab and reach another company so easily.
I was interested in aerospace and flying, and the U.S. is really the best place in the world for flying.
Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.
I believe that Detroit has a terrific geographic position. It still is a hub of one of the most important industries in the world. There's incredible engineering and other talent.
UTC Aerospace Systems has a couple of million dollars of content on every single aircraft that gets delivered. That's the chutes, the electric system, rotors, etc.
Sydney is a very good market for us - we have a very strong following here.
I have realised more and more that great companies, founded for a long-term purpose, such as Google or Facebook or SpaceX, may do more good in the world than any other vehicle that we have.
Everything from Washington's handling of the N.S.A., as well as Apple launching a new iPhone. These events can move billions of dollars in the stock market, and it seems as if the East Coast and West Coast are merging in some respects, so we felt like we needed a little bit more from a content perspective to match what our audience was looking for.
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