Originally Posted by
Apate
Does anyone actually know if the UK SAR contract has produced a profit when viewed in isolation, or is it simply a case of good cashflow that greases the wheels of a bankrupt company?
A difficult question when viewing from the outside. Some suggest the AW189 delay may be partly supported by Leonardo but it's still quite likely the latter case is the reality up to this point. In a few months when CG151 is in place and the transition team are gone there should be a chance to make some money. It won't be huge though since a contract estimated at £2bn to £3.3bn for 14 or 15 aircraft that was awarded at £1.6bn after revising to 22 aircraft (incumbent's bid over 20% higher!)
isn't going to be plain sailing.