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Marcus Jadotte Speaks at Middletown Ribbon Cutting

MIDDLETOWN, Conn., Wednesday, February 25, 2015

Pratt & Whitney officially unveiled its new state-of-the-art Middletown, Connecticut, production facility to support production of the PurePower® PW1100G-JM engine for the Airbus A320neo and the F135 engine for the F-35 Lightning II Joint Strike Fighter in a ceremony held today.

Connecticut Gov. Dannel Malloy, UTC President and CEO Gregory Hayes, Pratt & Whitney President Paul Adams, company leaders, suppliers and employees gathered to celebrate the transformation of the facility. Marcus Jadotte, the assistant secretary for Industry and Analysis at the U.S. Department of Commerce, was among the featured speakers at the event.

Full Text Remarks, As Prepared for Delivery

Good morning! I'm Marcus Jadotte, the Assistant Secretary for Industry and Analysis at the U.S. Department of Commerce.

Thank you for inviting me to be here today to participate in this celebration of American manufacturing. It's wonderful to see a large-scale investment in such an important technology happening in the United States.

A major part of my responsibilities at the Department of Commerce is supporting U.S. manufacturers in their efforts to succeed in foreign markets. I must admit, the aerospace industry is one of my favorite clients. The new engines that the workers at this plant help create will be used in aircrafts that fly around the world—for decades to come.

I just returned last Friday from India where I helped lead the U.S. delegation to the Aero India Air Show. During meetings with companies and government officials from that region, it became apparent to me that the projected growth in the Asia Pacific region is very real. With your successful inclusion as an option on so many key aircraft, Pratt and Whitney appears well poised to take advantage of that growth.

The U.S. aerospace industry supports more jobs through exports than any other industry and with a positive trade balance of $78 billion, it represents the largest surplus of any manufacturing industry.

This is why aerospace is a priority market under President Obama's National Export Initiative.

Trade is critical to the United States:

  • • U.S. exports have contributed to one-third of U.S. economic growth since President Obama took office.
  • • U.S. exports supported 11.3 million jobs in 2013.
  • • Workers in export-supported jobs in the United States have wages that are up to 18 percent higher than jobs not related to exports.

One of the key advantages enjoyed by America's manufacturers is their ability to innovate, develop cutting-edge technology and then bring it to market. I can't think of a better example than the geared turbo fan engines supported by this plant. After years of research and development, you are bringing a product to market that is revolutionary.

While the improved fuel efficiency of these engines will reap benefits for the environment for years to come, it also creates a commercial advantage. As we all know, fuel prices are a key cost consideration for the world's airlines. Creating such a fuel efficient option for the air carriers should give Pratt and Whitney a tremendous competitive boost.

President Obama has touted the recent successes of American manufacturing and recent investments by manufacturers in our industrial base. Pratt's investment in this plant represents exactly that type of success.

We recognize that the aerospace industry is global in nature and companies like Pratt & Whitney have many choices when investing in new facilities and new capacity. We believe that the strength of the U.S. economy and the strength of the U.S. aerospace industry will continue to bring those investments to the United States.

Additionally, investments by companies like Pratt & Whitney help create a self-feeding loop. By maintaining a strong base of aerospace companies producing technologically advanced products, we are creating a climate that in turn attracts more investment and talented engineers, researchers and assembly plant workers.

This plant is also making a valuable contribution to the engines for the F-35 Joint Strike Fighter – one of the premier fighter planes used by the U.S. military. The success of this plane also relies on international acceptance and use by our partners and allies.

Such advanced technology comes at a high cost and it is only by sharing this technology with our allies that we are able to bring this aircraft to market. While advocacy for defense products lies primarily with the Departments of Defense and State, the Commerce Department is proud to contribute to the international success of the F-35.

Thanks to all of you for Pratt & Whitney's important contributions to the U.S. economy and national security. Pratt & Whitney already has 90 years of success and achievement of which to be proud.

I'm pleased to be here today at what appears to be the start of the next great chapter in the company's history.

Thank you.