PING!
Posted on 01/06/2014 1:09:06 PM PST by SeekAndFind
The U.S. government has waived laws banning Chinese components being fitted in their Lockheed Martin Corporation (NYSE:LMT)-built F-35 fighter jets in order to keep the $392 billion program on track during 2012 and 2013, according to a report released by Reuters on Friday.
According to the report, Pentagon documents showed that chief U.S. arms buyer Frank Kendall had allowed two F-35 suppliers, Northrup Grumman (NYSE:NOC) and Honeywell International (NYSE:HON) to use landing gears, magnets and other hardware supplied from China. Had the waivers not been issued, both companies would have violated federal law and the program could have been delayed.
Concerned U.S. lawmakers noted in separate documents that American manufacturers do make similar magnets, but according to the acquired Reuters report, it would have cost $10.8 million and 25,000 man-hours to have removed the $2-a-piece, Chinese-made magnets and replace them with the alternative American-made ones.
The Government Accountability Office is leading an investigation into the issue after U.S. lawmakers objected that American companies were being shut out of the specialty metals market, and that a U.S. military jet was being produced by a potential enemy.
(Excerpt) Read more at ibtimes.com ...
Not you, them.
Who’s running the joint Chief’s PeeWee Herman?...
WORSE it’s Barry Half-White...
Lenin was wrong.
We'll loan them the money at low, low interest rates to buy the rope factory, give them the rope making technology, provide them with the raw fiber at a steep discount, forgive the original factory loan, then buy the rope for a few pennies less than making it ourselves would cost...
Nut-job Conspiracy Theory Ping!
To get onto The Nut-job Conspiracy Theory Ping List you must threaten to report me to the Mods if I don't add you to the list...
unfortunately too true… and is happening now
The list is a lot longer than that, but for recent ones you’re correct.
PING!
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