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.

Goodrich was the biggest acquisition in the history of aerospace.

UTC is very well positioned to take advantage of 2 large megatrends: urbanization and the fast-growing commercial aerospace market.

We produce motor drive electronics; we produce cargo systems for large narrow-body and wide-body airplanes and, more importantly, the emergency escape chute that goes on these planes.

In my view, until the U.S. tax policy is revised, not just tax extenders but the reform of tax policy, it makes it very attractive for us to invest on acquisition overseas.

We are now able to offer customers a dependable choice for 100 percent of their CFM56-3 materials at a competitive price.