By market value I meant what is the difference between a $10M contract and a $20M contract? The answer is : $10M. The government will only check if the money has been spent.
Agree on the product but which one ?
the future airliner or the next military gizmo ?
That is what Boeing is doing, take from Peter to pay Paul.
I am all for bids in a free market but when it is rigged between Boeing and Lockheed ... ( see scancal that cost Boeing exec's job )
There is market value in building airplanes ( I am in that business btw) and Boeing, Airbus are my clients and they both received R&D money from their government. The SBIT, STTR,... programs are no different from the EU sponsored projects
"The SBIT, STTR,... programs are no different from the EU sponsored projects"
SBIR and STRR are grants to small companies. This does not apply to Boeing or Airbus.
"By market value I meant what is the difference between a $10M contract and a $20M contract? The answer is : $10M. The government will only check if the money has been spent.'
Not understanding you here.
"the future airliner or the next military gizmo ?
That is what Boeing is doing, take from Peter to pay Paul."
Are you saying that Boeing is subsidizing its own commercial lines through its profits in military lines?
So what. We have now gone from calling the purchase of a product a subsidy to labelling it a subsidy how a company spends its money internally. Diversified product lines are not a subsidy.
"The new approach from Mr Mandelson came at a critical time for Airbus's latest aircraft, the A350. Airbus is applying to the UK, France, Spain and Germany to receive billions of pounds of state financing for the launch of its A350 jet. The company has warned that if the UK Government does not rubber-stamp a £400m aid package for the A350, development and production due to be carried out in the UK will have to go elsewhere. "
http://news.independent.co.uk/business/news/story.jsp?story=642819