At the currentrate of decline it will slow to a trickle within the next two to three years--right around the time Armstrong says operating income will start growing.
However if sequestrations persist and impact even major contracts like F-35, then sales and profits of the company will see a higher rate of decline, and consequently our current price estimate will be negatively impacted.
The current situation is far different, with unemployment falling because of a declining labor force participation rate and a decline in the size of that labor force.