When it happened, I was surprised that Production Parts died. Even though it was probably a matter of time.
Bonfire of the SMEs?
Australia's Quickstep--who is involved in F-35 components--has to hope things get better, because hope is all they have. This PDF to shareholders last week tries to state that everything is going good in spite of the bad news.
Quickstep uses the 5th generation fighter meme and tries to make the reader believe that there is a bright future for F-35 work:
It is unfortunate that the business plan that Quickstep based their F-35 plan on is now officially dead.
Quickstep will have to adapt this part of its business on a 30 jet per year order prospect.
That, compared to the spin, is real fact.
Something investors need these days in the defence sector.