Lockheed has no exposure (as far as their legal department is concerned). IF Obama keeps his word, the taxpayers will fully cover any expenses.
disagree ... promise or not, unless the deal is in writing they are breaking the law counting on the breaking of another law to make them whole. There is a risk and it is the risk that gets disclosed.
Therein lies the problem. Under what authority does Obama provide the funds for those expenses?
And even if he has the authority, what if Obama isn't a position to provide them?
If I were a lawyer in HR at Lockheed, I would be pointing out that this is an empty promise, and that the company puts themselves at significant risk.
I am not sure. An agreement to violate the law is unenforceable. So if Lockheed takes this deal, gets sued and loses, the federal government would not have to keep its promise to reimburse fines, penalties, etc. If Romney wins, we could expect that Lockheed would be out of luck. In the unlikely event Obama wins, it may be that a taxpayer would have standing to sue to block enforcement of this agreement. I sure don't want my tax dollars used for this.
As another poster also suggested, this agreement may not only be unenforceable, but also illegal.