Lockheed has already lost profits, earning only $28 million of a possible $87.5 million in award fees for meeting development goals in 2010 and 2011.
That LRIP-5 contract should be any day now...
Thursday, November 29, 2012
Acquired acquisition taste
An NY Times piece that does in-fact have some interesting info about not only the history of the F-35 Joint Strike Fighter (JSF) program but also some interesting signs that don’t go with the prettier parts of this story by AV Week Reuters.
That LRIP-5 contract should be any day now...
That LRIP-5 contract should be any day now...
Subscribe to:
Post Comments (Atom)
1 comment:
It's conceivable and something I've actually assessed as plausible that LMT could in fact make the corporate decision that the F-35 Program is too much liability and risk for the company and in response decide unilaterally to pull out of the Program, if eg, for some bizarre reason annual FRP order rate estimates are soon revised downward and projected to be significantly lower than currently expected.
Has a manufacturer ever done such a thing in the history of Military industrial contracts?
It would be interesting to see how such an extreme event would unfold, if LMT would seek to hand over it's role as lead contractor to USG temporarily until another manufacturer could be contracted? Would Govt step in and defacto seek to nationalize at least the combat aviation division of LMT to force them to continue work?
That would definitely be one catastrophic eventuality as remote as it might be, but no doubt LMT better get used to not making much profit at least on volume F-35 sales. And good thing they didn't sink too much investment into the project in the form of in-house development funding.
Post a Comment