It feels like things have at least bottomed out both in Europe and in China, we expect a better back half (of the year) at Otis as well as at our climate controls and securities business. Chief Executive Greg Hayes More Quotes by Chief Executive Greg Hayes More Quotes From Chief Executive Greg Hayes We will be able to ramp up and continue to work with both Boeing and Airbus on these ramps, the problem is always going to be capacity and supply chain and whether we can make the investments fast enough to satisfy their demand. Chief Executive Greg Hayes top-news Clearly everybody's worried about the elections here in the U.S., but there's not much impact for the year as far as I can tell, longer-term, that may be a different story. But really it's just global uncertainty, it's what's going on in the marketplace, it's the global war on terror, all of those things can be disruptive. Although it's nice to have a long cycle business with a big backlog. Chief Executive Greg Hayes technology We have seen (aircraft) retirements last year slow down as fuel prices have slowed down, what that means is they are flying the older planes longer. They aren't as anxious perhaps to take some of the new, more expensive equipment and as a result, it's probably good news for us in the aftermarket for a bit here as long as oil prices stay low. Chief Executive Greg Hayes business Boeing got its pound of flesh from partnering for success a couple of years ago on the 787, we have been very guarded in terms of giving aftermarket away because ... we make big investments up front and the only way we recover it is in the aftermarket. Chief Executive Greg Hayes business We have seen some opportunities to do some longer-term structural cost reduction. Chief Executive Greg Hayes industrials There is such a disconnect between the trading price and the intrinsic value that we find that doing share buyback is the best M&A that we can do in the short run. Chief Executive Greg Hayes industrials We're looking at those deals in the $ 1 to $ 5 billion range and clearly we have the capacity to continue to do those deals. Chief Executive Greg Hayes industrials It’s a big take down and nobody is happy about it, i thought we had to just be realistic in terms of the second half. Chief Executive Greg Hayes technology We’re done shrinking UTC with the completion of this divestiture. Chief Executive Greg Hayes technology
