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Old April 6th 04, 09:33 PM
Harry Andreas
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In article , Henry J Cobb wrote:

http://www.reuters.com/newsArticle.j...toryID=4756042
In a report to Congress, the Pentagon said JSF costs were rising due
to increasing contractor labor and overhead costs and a delay in the
start of procurement from 2006 to 2007, as well as the addition of a
new optical tracking system.


This isn't the first time Lockmart has had runaway costs.

http://federaltimes.com/index.php?S=2790447
So Pedeleose took his concerns to the Defense Criminal Investigative
Service, which concluded, in a November 2001 report, that Lockheed’s
prices were “based on cost and pricing data that was known to be false
and purposely overstated.”


-HJC
How do you get runaway labor costs when unemployment is so high?


Unemployment is not high in the aerospace engineering business.
We've hired hundreds of new engineers in the last 2 years.

--
Harry Andreas
Engineering raconteur