Originally posted by intelgurl
Until this aircraft actually starts flying test combat missions with it's full array of avionics, virtual helmet and weapons systems then all of this
bickering and arguing is meaningless.
And equally, it appears, the 'over-the top' claims of the manufacturer are just as meaningless - but the taxpayer is still expected to pay up for
development on the basis of these 'meaningless claims' (in this case) before even ordering the thing.
Here is a question that (perhaps) nobody here can answer, but I'd be very interested to know.
It appears that current 'best' business practice is to be leveraged to the hilt (presumably otherwise you aren't actually trying). So just how
leveraged are major international defense companies? How much business confidence can one have in a company that either can't meet a schedule or a
budget, or cannot meet their own claims for a product.
I sure hope that companies such as Boeing and Lockmart are working with their own money - I would not want to see what little is left of my retirement
funds being invested in such unreliable businesses.
Under present financial circumstances I'd like to be as sure as you are, intelgurl, that ....
a) The F-35 will ever be produced,
b) Lockmart will exist in 12 month's time, or
c) that you will have a job in 12 month's time.
Without doubt, if the Wall Street bailout doesn't happen, or worse, doesn't work, then the situation in the US in particular (but generally
worldwide) will resemble what happened in Russia when the USSR economy collapsed (you know, what America describes as defeating the Evil Empire).
There won't be money for any new high-tech defence toys for anyone to play with. But that will depend on the integrity of the traders and their
ability to work for the common good rather than for their own greed, or the imposition of regulation to the market - hmm that gives me hope - NOT
But of course, this sort of catastrophe could NEVER HAPPEN in a country as intelligent, loved by God, and technologically advanced as the good old USA
- so why should I worry!
One thing is for sure (and you don't have to be Einstein to predict this). In 12 month's time the US economy (and the World Economy) is not going
to look anything like it did 12 months ago - nothing in the way business is done (in all spheres of life) will be as it has in the past - there will
be ramifications for EVERYONE.
If any of you believe that the US Government can give away (what is the figure at this moment $750 billion - it seems to get larger by the hour - and
you can insert your own thoughts regarding who the money will go to) and it not affecting government contracts, then you are living in Disneyland.
The Winged Wombat
[edit on 25/9/08 by The Winged Wombat]