The Defense Department is withholding 5 percent of billings for a Navy helicopter contract until United Technologies Corp.’s Sikorsky Aircraft unit fixes deficiencies with an internal business system, a Pentagon spokesman said.
Since the U.S. government shutdown started, one-fourth of MicroTechnologies LLC’s workforce of 400 in Vienna, Virginia, has stayed home. The headquarters is like a “ghost town,” Chief Executive Officer Tony Jimenez said.
The U.S. government shutdown has forced United Technologies Corp.’s Sikorsky Aircraft business to slow production of Black Hawk helicopters and threatens the financial performance of the unit unless it ends soon.
Chief executive officers at companies ranging from Honeywell International Inc. to JetBlue Airways Corp. said that a prolonged shutdown of the U.S. government has the potential to jeopardize the economic rebound.