athos77 ( @athos77@kbin.social ) 11•5 months agotl;dr:
Inflation played havoc with cost estimates […] Pandemic-driven supply-chain challenges and labor shortages […] Executives of U.S. defense contractors tried to reassure investors they wouldn’t chase projects that presented high risks for cost overruns.
Papamousse ( @Frederic@beehaw.org ) 7•5 months agoUnderstandable, gov can say “I will buy 100 planes at $750M each”, but it costs you $1B each, so you say no thanks
Overzeetop ( @Overzeetop@beehaw.org ) 2•5 months agoThat’s what a contract is. In promise to pay and you promise to deliver. Would the corporations only accept $650M each if it ended up costing them $100M less to make each one? No, of course not, they’d bill the full $750M because that’s what they bid. Finding out that you underbid or under negotiated is a risk of contractual business.
Corps need to put their big girl panties on and deliver. Maybe pay the executives less next year instead.
PowerCrazy ( @PowerCrazy@lemmy.ml ) English3•5 months agoMaybe national security industries shouldn’t be in the hands of private enterprise?
naturalgasbad ( @naturalgasbad@lemmy.ca ) 4•5 months agoBut I was told America’s MIC had infinite resources?