LM's misleading statements to Australia

To date, Lockheed Martin gives all the appearances of having a problem with the laws of Australia.

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TRADE PRACTICES ACT 1974 No. 51, 1974 - SECT 52

Misleading or deceptive conduct.

52. (1) A corporation shall not, in trade or commerce, 
engage in conduct that is misleading or deceptive.

(2) Nothing in the succeeding provisions of this 
Division shall be taken as limiting by implication 
the generality of sub-section (1). 

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Consider the following history:

2008: Lockheed says JSF will arrive on time, Sydney Morning Herald.

Mr Burbage said Lockheed had calculated a unit price for the conventional landing and takeoff JSF variant which had remained quite consistent at US$40-45 million over the last six years.

2010: Fighter jets 'to cost $70m each', Sydney Morning Herald

Australia will pay around $US60 million ($A70 million) each for advanced Joint Strike Fighter (JSF) aircraft and all bugs will be fully sorted by the time the first aircraft arrive, the head of the JSF program says.

Lockheed Martin JSF program general manager Tom Burbage, in Canberra to update the government and Defence on JSF progress, said he could guarantee the price would not be as high as the claimed $US133 million per aircraft.

"Australia is buying the airplane with 2014-15 deliveries and then on out for a number of years. The airplanes will be bought on an annual basis initially so the cost in each year will be slightly different and will go down with time," he told ABC Television.

Mr Burbage said Australia was buying the conventional takeoff and landing version, the least expensive of the three JSF variants.

"In today's dollars it looks like it will be right around $US60 million ($A70 million)," he said.

Mr Burbage said JSF was planned to enter service with the US Marine Corps in 2012, two years before the first Australian aircraft is even built and four years before the first JSF comes to Australia.

"They will have the bugs worked out long before that. Our test program runs until about 2014 but the last two years of that is primarily qualifying different weapons for the airplane," he said.

2011: Assurances over jet fighter deadline, Sydney Morning Herald.

THE global defence company Lockheed Martin has reassured the federal government that this year's planned test flights of its F-35 Joint Strike Fighter (JSF) are running ahead of schedule.

Also, money has already been spent on this mistake. The F-35 meets all the requirements for the DMO Project of Concern List.


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