this post was submitted on 26 Oct 2023
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Boeing says it can’t make money with fixed-price contracts (arstechnica.com)
submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world
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Boeing says it can’t make money with fixed-price contracts::"Rest assured we haven't signed any fixed-price development contracts, nor intend to."

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[–] Sir_Kevin@lemmy.dbzer0.com 6 points 1 year ago

If they're anything like other DOD contractors they make empty promises and straight up lies to get bids on contracts that they can't deliver on time on. They know they will fail these timelines but it makes them look good for that quarter so it doesn't matter to them.