|Quoting tommytoyz (Reply 3):|
Additionally, a concurrency clause in both contracts requires Lockheed to share costs equally with the government for known concurrency changes coming out of testing.
Just wait for that too......
Tommy, the concurrency changes are the US$7 million rework costs you already mentioned, there are no further rework costs. As listed above they are shared between LM
and USDoD. So the US is liable for only half that amount, US$3.5 million per jet and down .4 million from the previous estimate. This is not a fixed cost, it is a value based on known required corrective issues as well as an estimate of future costs based on previous USDoD program experience.
Of note, these concurrency costings are SIGNIFICANTLY lower than the CAPES estimates!
As far as costs going forward, http://www.nationaldefensemagazine.o...bb4-4018-baf8-8825eada7aa2&ID=1285
Lt. Gen. Christopher Bogdan, the Air Force’s program executive officer for the F-35 Joint Strike Fighter, the previous week mentioned a similar strategy for future contracts with prime contractor Lockheed Martin and Pratt & Whitney, which makes the aircraft’s engine.
The recently negotiated contract for a seventh lot of aircraft is set at a fixed price. If the companies exceed the contractual funding level, there is no risk to the Air Force, Bogdan said. All F-35 purchases going forward will be so worded
So any future cost overruns are now LM
's problem with no additional charges to the USDoD.