In June, he cut his estimate to 5 percent.
Mr. McGowan cut his estimate for the year to $1.70 a share from $1.75.
The analyst cut his estimate by only 6 cents, to $4.86 a share.
The organization cut its estimate for Japan's growth almost in half, to 1.3 percent from 2.5 percent.
The Reagan Administration on Monday cut its estimate for the deficit this year.
"I just cut my full-year estimate to $8.55 a share from $8.90," he said.
Yesterday, she cut her estimate to a loss of 25 cents for both quarters.
He said he was also cutting his estimate for the 1996 fiscal year.
For 1991, he cut his estimate to $2.80 a share from $3.
Sikorsky, determined to keep the deal, cut their estimate for development costs and said that the program could be done with two prototypes.