The across-the-board defense cuts that are part of the looming "fiscal cliff" of spending cuts and tax increases would unnecessarily jeopardize national security, David Hess, president of United Technologies' Pratt & Whitney, told CNBC's "Street Signs" on Monday.
"Fundamentally, the major issue we have with sequestration is that it's not tied to any defense strategy," Hess said. "It's a peanut butter approach to defense spending reductions, so everything, whether it's tied to a strategic need or not, gets cut the same way across the board."