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spazsinbad
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 Posted: Oct 08, 2011 - 05:22 AM
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Elite 3K
Joined: May 05, 2009 - 10:31 PM
Posts: 7833
Location: OZ
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Pentagon to finish F-35 cost analysis this month By Andrea Shalal-Esa 06 Oct 2011
http://www.sharenet.co.za/news/Pentagon ... 782beb7290
"WASHINGTON, Oct 5 (Reuters) - The Pentagon on Wednesday said it expects to finish a "should cost" estimate for the next batch of Lockheed Martin Corp <LMT> F-35 fighter jets this month, paving the way for formal contract talks in November....
...Lockheed negotiated a profit margin of over 12 percent on the last contract, which Assad described as a "reasonable" profit rate for a fixed price, incentive fee contract....
...Lockheed says it has already lowered the cost by 50 percent on the first four production batches of fighter planes, and was continuing "draconian" measures to keep driving costs lower. But the company says it can't keep lower costs if the Pentagon keeps cutting the numbers of planes to be built....
...Vice Admiral David Venlet, who runs the F-35 program for the Pentagon, should complete a review of the operations and maintenance costs by the end of the year, Assad said. Then he would decide whether to run his own independent review.
For now, Assad said, Lockheed was "moving along smartly" in fixing its earned value management system (EVMS) at the Fort Worth, Texas plant where it builds the F-35...."
More Yumpin' Yiminy at the Yump. |
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