Views on the defense industrial report

December 20, 2018 Eric Lofgren 0

First, were you aware that the Pentagon even had an Office of Defense Industrial Policy? It sounds suspiciously like the kind of government organization that engages in economic planning, a practice anathema not just to Republicans but to many Democrats as well.

$22.7 billion F-35 production deal before Operational Testing

November 28, 2018 Eric Lofgren 0

One might think that for such a big order to be placed, the F-35 worked out all the development kinks. But it looks like a ploy to get a big contract, claim economy of scale savings, and fix the planes later. The contract was 40% of Lockheed’s total ordinary revenue, and the US’s end of the bill looks to be nearly one-third of the entire aircraft procurement budget for Navy and Air Force, which came in at about $36 billion in the FY 2019 request.