SIMUL8D
Re your comments
" Re Airbus Military Comments, there is some background worth sharing.
Airbus is part of EADS, and EADS owns Eurcopter. Eurocopter has not yet received (all) the money for the Tiger Helicopters, because they have not met the milestones that were required under the contract. They did, however, fork out a LOT of money up-front to the OEM suppliers (Engines, Avionics and armament especially). Eurocopter spent more than they have thus far recovered from the ADF. A lot more.
The MRH90 has gone the same way and it has chewed up the cash flow for Eurocopter. Allof it in fact, and the some!
EADS was propping up Eurocopter using the sales of it's Airbus aircraft. Between notable and tragic 'issues' with its Airbus Fleet, and the GFC, that support isn't there."
All I can say is tough, they signed the contract and I very much doubt they signed it without reading it and running it past lawyers so they have to suffer the consequences of signing something with performance / payment milestones installed which they were not capable of meeting.
I would guess they really wanted the contract and the flow on effect of that is what is occurring.
Meet the milestones and they will get paid, pretty simple really.
Last edited by 500N; 12th May 2012 at 20:57.