PDR1
Well said.
"QMAC" and typically restricts profit to 7-10%
Yes, those who say companies make huge profits from MoD work should have a quick look at a typical QMAC schedule. In my experience, companies (and Westland were a good example) keep a close eye on projected profit on a job, as they don't want post-costing to reveal, say, 11%. Typically, they will have a quiet word and ask what nice-to-haves remain on the the shopping list, and do them for nowt. In this case, my gut tells me walbut is right - BAeS have missed a trick. But I also don't like international collaborative projects, so accept it is a difficult call.