1. Economic Summit 2003 Outlook Vice President Pratt & Whitney Military Engines Business Development & International Programs January 3, 2003 Hartford Hilton Lloyd (Fig) Newton

2. UTC Corporation

3. 77 Years of History

4. Pratt & Whitney: Generations of Power Military Commercial Space

5. The Power of One

6. Aerospace Employment in Connecticut 50,000 25,000 199619971998199920002001 0

7. Aerospace Wages in Connecticut CONNECTICUT AVERAGE WAGE AEROSPACE & AVIATION $60,000 $30,000 $0 $45,000 $61,000

8. Aerospace Employment Top 10

9. Aerospace Employment Growth

10. Defense Spending *President submitted to Congress $267 $290 $318 $355 $378* Billions of Dollars

11. Effects on P&W F100 —F-15/F-16 FightersF117 for C-17—solid future F117—C-17 Cargo TransportF119 for F/A-22 Raptor—operational in 2 years J52—A-6 Electronic WarfareF135 for JSF—solid R&D, P&W leadership, milestones TF33—B-52, KC-135 Bomber and Tanker F100 for F-15/F-16—continues to be important as F/A-22 and JSF come on line TodayThe Future

12. Global Focus: Key to our Future ThailandIndonesiaTaiwanPortugalJordan Norway Denmark NetherlandsBelgium United States Venezuela Pakistan Egypt Saudi Arabia Greece Singapore Japan Korea Israel Australia Great Britain F-15 Customers F-16 Customers A-4 Customers C-17 Customers F-111 Customers Italy F-14 Customers EA-6B Customers Argentina

13. Business Outlook—Manufacturing

14. P&W Turbine Blades...Amazing Facts Near-Sonic Velocity Air Flow 6+ Years 400 hp Per Blade40,000 lbs. Tension >1000°F Over Metal Melt Temperature

15. Pratt & Whitney Here Today...Here to Stay