Sunday, January 29, 2012

Rent-seekers should worry




Some are just now waking up to the problem.If your business revolves around the F-35 program doing well, you are in trouble.

It means that most of the 127,000 supplier and subcontractor jobs promised by Lockheed Martin haven't materialized yet in Texas, California, Florida, Illinois and other states that desperately need them in a slow economy.

Most of all, it means that the Pentagon may fall well short of its initial pledge to buy 2,443 of the F-35s; that a dozen Allied and other foreign countries eager to buy the JSF could end up owning more combined aircraft than the United States; that instead of an anticipated hundreds of the jet fighters being deployed in the air by now, it will likely be 2016 or beyond before they join military operations.


I will go with "beyond".

However it was not "unforeseen".

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