Pros
Worked for company more than 15 years in a variety of functions and disciplines, both commercial and technical. In the 1990s the company was producing many new products for all the latest commercial airliners, Boeing and Airbus and was #1 or #2 on each platform. Executive leadership had a swap when 787 came out and UTC Corp executives decide not to commit to 787, and focus on CFM56 market. Developed some good alternatives to CFM56 OEM products but the Snecma OEM had an excellent strategy to challenge PW and PW lost competitiveness. Corporation started shifting focus from aerospace to other building and non core aerospace ventures to broaden horizon. Competition GE and RR gained market share in commercial aerospace and PW became #3. UTC bought Goodrich and jettisoned many of the "must have" businesses previously bought when decided not to develop new 777 derivatives, A340 motors, A350 engine and 787 engine. Game changer NGPF engine was introduced and is the latest market entry which seems to be ahead of GE LEAP-X (but LEAP-X has 55% market per GE literature) and as a result PW is on a huge cash saving program, selling many divisions, raising cash. Cash is not the prime focus, many experienced people are leaving and have had enough, those approaching 55 are going to punch out b/c prime focus of technical and human capital is gone and meeting Qtr to Qtr Wall St has taken priority.
Cons
Micro management from Executives into middle manager decisions Furlough days to save money Should have watched travel budgets a long time ago when Earnings were good. ESA is a great shop, too many internal arguments vs. a real One Company behavior is killing the shop's competitiveness.
