Given the state of the local and regional economies, the foreign relocation of a company with net income of $4.7 billion and $7.7 billion in U.S. contracts is indeed unfortunate and contrary to the spirit of the times," Klonoski wrote. "While the recession has created a need to reduce expenses, I believe that the small savings achievable by this relocation will not significantly improve (Pratt & Whitney owner United Technologies') $6.2 billion in cash flow and will be far outstripped by the loss to the local, and ultimately national, community."
Pratt & Whitney's decision to move out of Indianapolis affects domestic companies such as Texas Aero Engine Service that rely on IAT tubes to rebuild jet engines. They'll have to find another supplier, which is a long shot, or hope the Singapore plant can produce the tubes they need and ship them to the U.S.