Quote:
Originally Posted by jcwade
It is MBA's chasing the god of shareholder value instead of Engineers running the company and making the best possible product.
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When I was the government flight test lead at Sikorsky, they held their Shareholders meeting in the big hangar on a Friday, thousands of people.
The Head of Sikorsky at the time, then under United Technologies now Lockheed, was a really interesting guy and we became lunch buddies.
His message to the Shareholders, on the government side of contracts, was always very straightforward in terms of allowable profit, over and aboves, Forward Pricing Rate Agreements, etc. There is a lot of margin in G&A, but there was not going to be an Iphone/Ipad moment in helicopters on the defense side.
He was a master at simply bounding the profit curves without selling. I learned a lot.
Quote:
Originally Posted by 3rd_gear_Ted
The defense side of Boeing has a customer who insist on quality over cost.
The Hellfire Missile group was the only CMMI level 5 software group in the company.
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Not just quality but sustainability...air vehicle and mission systems in DoD have the half life of the Earth.