red admiral
ACCESS: Top Secret
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- 16 September 2006
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This isn't a commercial transaction. My understanding is that this is not permitted under UK government defence procurement rules, regardless of whether it is LM, JPO, or other. You can only have incentive fees and not penalties.Shouldn't LM be paying penalties to HM's government for late delivery?
I wonder how bankrupt Eurofighter would have been for delivering "Eurofighter 2000" many years late? Etc. etc. many other examples
Bankrupting your critical suppliers via punitive fees isn't very sensible.
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