1) John McCain is at it again on the tanker. I don't like the guy, but a stupid focused watchdog I do like. Boeing won the tanker bid, with low bid naturally. But the Pentagon and Boeing have decide what to do if, god forbid, it turns out building 767's for the air force is more expensive than building them for the airlines, in other words a preemptive cost overrun agreement. By the way they made a few of these already for Japan and Italy, they damn well know what they cost.
Should, when, the cost exceeds the winning bid, the public will be on the hook for 60% of it. Under the terms of the 4.9 billion $ fixed price contract, we have a potential infinite cost. No, 60% you say, well, 60% of what? And, if the economy takes another shot to the front of the pants, Boeing dives into the black, marches to the Pentagon and says, oh, shit, we can't afford that 40%, it's you and me brother, we pay it! I hope John crams this down Boeings crooked throat. Happy Anniversary today Boeing, I hope you choke on Johns bile as far as this contract goes. Further, lets modify this contract and buy fewer tankers. The farther reach we have with so many tankers, the more some future shit head prezident will launch another George Bush adventure somewhere we ought to stay out of. When was the last time you heard Switzerland was in a quagmire? Fuck'n ole watchdogs, sometimes they earn their keep.
2) AVIC, a Chinese aircraft company is romancing Cessna and Hawker Beechcraft for an agreement to develop, train, and produce a business jet in China. These two American brands are falling all over one another to give away their future, it's the Keystone Cops of industry instead of crime. Here's how this works, they make a few dollars being the 40% owner for a few years. Then the former partner cashes them out and brings a dirt cheap competitor in and destroys their market. Alternative, a spin off company or a sudden new company emerges overnight with a carbon copy and hammers the market. Was it Kruschev said something like capitalist will sell us the rope to hang them with? These guys can't wait to give it away. Boeing did this in Japan, now they too do it in China, Japan now has all the know how to make a large wing, the hardest part of the aircraft to engineer and build, they make it for the 787. China now makes the tails for 737, it's just a matter of time.
3) China companies just purchased Cirrus Corp., a new (yet to be delivered) low price business jet made in Minnesota, and Teledyne Continental Motors, a piston aircraft engine maker. Well, if you don't like it, stop buying Chinese made products, you are the source of their wealth, pay a few more cents or dollars for something made here, or at least not made in China, (Pakistan neither).
Fringe,
ReplyDeleteMay as well stamp the whole of US manufacturing with a Made In China label.