SME's face the truth about F-35 industry work (or lack of it)

Government and big industry told a fairy tale about thousands of F-35s. Yet things just are not working out that way.

Now SME's are waking up from a happy and unrealistic dream.

"But despite the contracts we have in place, the revenue has not covered the investment, at this point in time," he said. "According to how the build schedule was looking five years ago, there should have been up near 100-plus aircraft being manufactured this year, but with all the delays it is down to 32 aircraft."

Another South Australian company that invested $10m to obtain work on the JSF is now also in difficulty because of delays.

And, Production Parts died last year. BTW, LRIP-5 was supposed to be 120 jets.