State employees and other Californians are facing tough times right now, ... We've seen state budget deficits over the last several years. The timing for a legislative pay increase isn't right.

Today's announcement furthers our goal of doing what is right for our shareholders and employees, ... With our previously announced sale of nine stations, we're now close to $1 billion in aggregate sales proceeds while we continue to evaluate alternatives for our remaining stations.

It's a benefit (employees) couldn't get on their own because they are an employee of this (bank) customer. We leverage our relationship with our customers.

We offered them a cap on insurance (costs for employees), and they wanted more and more and more.

We have safely evacuated 1,303 employees and contractors,

Sikorsky now enters an exciting new era with tremendous opportunities for all of our employees, and the communities where we live and work. We remained focused on the future and are steadfast in our commitment to providing our customers with the world's best vertical flight solutions.