WEBVTT 00:03.230 --> 00:06.180 Day. They know that when I came back in. 00:07.010 --> 00:10.770 Give a speech my first bishop back in and the Pentagon was out 00:10.770 --> 00:13.870 of the fed's acquisition university and i've talked about my priorities. 00:14.480 --> 00:17.030 Oh I was in the position of being the principal that billion 00:17.030 --> 00:18.860 acquisition of the time for about a car. 00:19.650 --> 00:21.620 And I had five priorities and I talked about. 00:22.320 --> 00:25.330 They've stayed pretty much whittling and i've and one. 00:26.590 --> 00:29.280 The five priorities are first Wall support operations. 00:30.230 --> 00:33.660 A affordable programs improving the acquisition efficiency. 00:34.310 --> 00:35.640 Strengthening your for waste. 00:36.880 --> 00:39.570 Straight in the acquisition workforce and then the sons one that 00:39.570 --> 00:42.620 i've added was projecting the future and they're they're about 00:42.620 --> 00:45.620 a year ago and I commit to the other secretaries position. 00:46.430 --> 00:47.200 You're a half ago. 00:47.780 --> 00:51.230 Lot because other it was a a rising the debate tension of the 00:51.230 --> 00:55.250 future of the department of the workforce and of the art industrial 00:55.250 --> 00:57.740 base Sean given the budget climate where are. 00:58.360 --> 01:01.980 Jordan today isn't gonna go back a number revisit those priorities 01:02.320 --> 01:04.990 doubling about the things we've done the things we are going 01:04.990 --> 01:06.400 to that's consistent with that. 01:07.320 --> 01:10.280 But I will talk about secret ration the goes it is having an 01:10.280 --> 01:14.070 impact at first to every one of those by your it's. 01:14.810 --> 01:17.430 So I will mention that ultra-wealthy a thirty five a little bit 01:17.430 --> 01:18.890 to chris was just hear it. 01:19.410 --> 01:22.980 Gave you a lot of details or the program is on the go back initially 01:22.980 --> 01:25.180 orbit and talk about the things you've done for the last few 01:25.180 --> 01:28.800 years on the three five they're also consistent with our priorities 01:29.170 --> 01:31.670 and I think some of the results that were cheering their which 01:31.670 --> 01:34.980 I am I'm encouraged by still that's that that's the structure 01:35.090 --> 01:37.920 of us are a relatively quickly I like to give it time for questions. 01:37.920 --> 01:40.910 I can tell from chris is thought that there are a lot of interest 01:40.910 --> 01:44.120 as pork. So I'll try to be brief and then they give you some 01:44.120 --> 01:44.610 time for that. 01:45.740 --> 01:47.690 Up support operations. First like. 01:48.580 --> 01:49.480 Or sell or. 01:50.020 --> 01:53.770 Yeah display would have hinduism the budget astonishingly intimate. 01:54.060 --> 01:56.320 Given. What's happened to wasn't budget. We are still war. 01:57.170 --> 02:00.200 Others a move to correct some of the greatest imbalances and 02:00.330 --> 02:04.250 that the current legislative situation provide force and the 02:04.250 --> 02:05.710 cracks of orange prawns. 02:06.540 --> 02:10.020 We're sends in a position today where we can dig of people in 02:10.020 --> 02:13.300 combat we can do some things to get the people getting ready right. 02:13.300 --> 02:17.120 Now I go to combat. A to prepare them and then people out there 02:17.120 --> 02:18.790 that are really in deep trouble. 02:19.310 --> 02:22.930 And as you see all things we're doing around the world to a reduced 02:22.930 --> 02:26.200 appointments to stop flying start steam et cetera. 02:26.830 --> 02:29.600 It's a great impact of sequestration works very much against 02:29.600 --> 02:33.240 a we're trying to to support devoted conduct operations today. 02:33.520 --> 02:36.110 But also it can to the conduct operations as we go for. 02:37.430 --> 02:41.350 Nevertheless a big emphasis on that and during my attention now 02:41.390 --> 02:44.160 to the retrograde in Afghanistan a particular or continue to 02:44.160 --> 02:45.590 do things to support forces there. 02:46.590 --> 02:48.600 But increasingly worried about getting out. 02:49.110 --> 02:50.510 And what is going to take to do that. 02:51.030 --> 02:54.610 I was involved I forgot to carter in supervising the to withdraw 02:54.610 --> 02:58.140 from iraq that was it that was a pretty tense challenge but it 02:58.140 --> 03:00.220 was nothing compared to the bottom of are going to have getting 03:00.220 --> 03:01.070 out of Afghanistan. 03:01.950 --> 03:05.720 We've got the fact you locks gradually becoming open. So that's 03:05.720 --> 03:08.500 all in which to relying only on the northern distribution network. 03:09.120 --> 03:11.840 We've got a lot to do the next couple of years together eating 03:11.840 --> 03:15.700 out there. We have to reset. Sure. So we have logo demands going 03:15.700 --> 03:17.010 four to support all that. 03:17.630 --> 03:20.390 And of that tough job ahead of us. But we're doing the due until 03:20.390 --> 03:21.940 playing our delivery to do that. 03:23.030 --> 03:25.630 I won't work in tuning our contingency contracting. 03:27.030 --> 03:29.080 I think we've come an enormously long way up there. 03:29.960 --> 03:33.060 With of the parma just of all the discipline and a workforce 03:33.090 --> 03:36.520 of that is skilled in the us. And we're doing much much better 03:36.520 --> 03:39.890 pitching in a fight corruption and repeated in a fight waste 03:39.950 --> 03:42.760 but I think we've learned a lot and we're going to do for that. 03:43.820 --> 03:46.650 I was in Afghanistan reece lay on a measure this because I think 03:46.650 --> 03:48.600 it's it's it's how the role with the climber. 03:49.280 --> 03:51.850 I was there about two weeks ago through restart I guess. 03:52.590 --> 03:56.260 And I was speaking to people there who or vodden logistic support 03:56.260 --> 03:59.060 know things are going with a lot of civilians in Afghanistan 03:59.180 --> 03:59.820 for BOJ. 04:00.460 --> 04:02.870 Draw was moderately will lot contractors that. 04:03.620 --> 04:06.550 Oh yeah stick on a car question by one of our beauties of lives. 04:07.340 --> 04:09.360 The question was will I be. Furlough. 04:12.120 --> 04:14.580 There's a person is really that a part of that serving a war 04:14.580 --> 04:17.590 zone support air combat troops and is asking me. If you screw 04:17.590 --> 04:21.910 beep let that forced to not work and not that they for Piper. 04:21.910 --> 04:24.070 So avatar so well he's in that situation. 04:24.920 --> 04:27.990 And his top gear we're going to prioritize people or drop in 04:27.990 --> 04:30.810 water operations don't have to worry about being for a lot but 04:30.810 --> 04:31.580 nobody else does. 04:32.310 --> 04:35.740 It that that's not the sort of thing where you want a out in 04:35.740 --> 04:39.380 a operating context that is not that person should be worried about. 04:40.010 --> 04:43.510 So updates go continued. The outspoken I guess that's a kind 04:43.510 --> 04:45.130 of embed revving up a reporter at. 04:46.190 --> 04:50.160 I'm and returned to the next item on my list which is affordable programs. 04:50.910 --> 04:54.280 Jerry okinawa reported at thirty five to the question is for 04:54.280 --> 04:54.690 a goalie. 04:55.670 --> 04:57.610 A at thirty five is our number one program. 04:58.610 --> 05:01.940 It is our highest priority. It doesn't. Sure of acidity fraction 05:01.940 --> 05:05.430 of the investment cups and going for a sculpture of we will fracture 05:05.430 --> 05:06.440 the support that. 05:07.080 --> 05:10.460 But it has a of transforming aircraft. It will give its dominance 05:10.460 --> 05:14.340 near probably almost single important national war fighting capability. 05:14.900 --> 05:16.370 Inflow foreseeable that kids. 05:16.880 --> 05:18.780 So there's no question about priory. 05:19.320 --> 05:20.760 Despite sequestration you. 05:21.290 --> 05:23.660 We're still have a budget that adequate to support at thirty 05:23.660 --> 05:27.410 five critically given of prior. Yeah a chris leicester about 05:27.900 --> 05:30.980 a what would your secret ration. We'll try to protect the up 05:30.980 --> 05:35.380 thirty five as you said as Didi is the first up prior to vault 05:35.380 --> 05:36.280 was the first quarter. 05:36.800 --> 05:38.960 The reason for that of course is that we have to get the place 05:38.960 --> 05:42.260 rid of all the curtain becomes fully operational on we can have problems. 05:43.160 --> 05:45.150 We're getting there were making good progress where we still 05:45.150 --> 05:49.640 level is to go. So that's first but if you gonna call stout regular 05:49.640 --> 05:51.560 formal programs to get the broad trade up. 05:52.660 --> 05:56.080 That's where most of the cost is an aircraft diffraction carthorse 05:56.080 --> 05:57.050 because there's huge for. 05:58.010 --> 06:00.480 We've got it at the cost down and the key to getting the cost. 06:00.480 --> 06:02.590 I was going to be getting a russian radar. 06:04.150 --> 06:07.500 Looking for dickey the go for that is gonna be assistive lollipops 06:07.530 --> 06:10.300 and we're doing a lot more to bring those cost that and more 06:10.300 --> 06:12.880 than that of about your work and that prong before he left. 06:13.400 --> 06:16.310 This is going to do work it might get the best of as working 06:16.310 --> 06:18.820 it now and we think there's a lot of room for improvement there. 06:19.400 --> 06:22.120 When I talk about affordability. I'm really not talking about 06:22.120 --> 06:24.400 cost control per se or if you look at that what. 06:24.960 --> 06:27.770 I'm talking about not starting programs that we can't afford. 06:28.480 --> 06:32.290 So mostly rom apply affordability criteria. It's about avoiding 06:32.290 --> 06:34.800 things like the expeditionary fighting vehicle programs that 06:34.800 --> 06:36.370 spent ten or fifteen years involvement. 06:37.010 --> 06:39.620 And then maybe start production and better can stuff. 06:40.310 --> 06:43.390 Now that's bad to me isn't are we wait for almost entirely. 06:43.390 --> 06:45.270 What you never get some technology on for. 06:45.860 --> 06:48.960 Sever tried to avoid that we're doing and else's basically. 06:49.460 --> 06:52.600 Of long-term scalpel planning to eternity serve and whether or 06:52.600 --> 06:57.090 not programs are affordable and they kept their cost to resume program. 06:57.090 --> 07:00.680 Yes C drug is we're trying to do this. So a new aircraft for 07:00.680 --> 07:01.070 the navy. 07:01.760 --> 07:06.770 Basically. Ring or are basically it's react seventy. It's weird sex. 07:06.770 --> 07:09.940 It's a new helicopter for the price were to run for of a cap 07:09.940 --> 07:10.310 on that. 07:11.050 --> 07:14.010 I whoever down that path into the worst out of the we're gonna 07:14.010 --> 07:16.840 make sure that that that's your forward prefaced and we're getting 07:17.070 --> 07:18.900 close to being a little room. But the are peeled for. 07:19.670 --> 07:22.600 But we want or else this of the future budgets or the time are 07:22.600 --> 07:25.960 going to buy that aircraft enabler and based on that you put 07:25.960 --> 07:29.180 a cap on the moto funds were going to be on spent on that for. 07:29.690 --> 07:32.770 Now we go designed to get so for the very leads to a sense you 07:32.770 --> 07:33.880 designed to we car. 07:34.440 --> 07:37.890 And then you have to trade-off requirements to to say with a cat. 07:38.540 --> 07:41.880 That's it that's all about your thirty five when there's a betray 07:41.880 --> 07:45.430 should give offer from the very for long rat produce pretty Wall 07:45.430 --> 07:48.970 to fight there was not much room left a trade off a quirks of 07:48.970 --> 07:52.500 we're trying to do that in some places. So Sergei meld making 07:52.500 --> 07:55.620 affordable is about deficiencies which is the next time on my list. 07:56.050 --> 07:59.220 It's about getting their productivity and it's about getting 07:59.220 --> 08:03.220 great efficiency ali acquisition prices. Now when I talk about acquisition. 08:03.250 --> 08:04.900 I'm not just talking about. 08:05.480 --> 08:08.800 Of research not corruption abide by all the money we spend. 08:09.320 --> 08:10.100 Outside the door. 08:10.600 --> 08:13.890 And that's more than halved historically surest contracting. 08:13.980 --> 08:16.200 So support is every part of that. 08:16.910 --> 08:19.180 We are part of most of our weapons systems is on the supports 08:19.180 --> 08:22.430 that it's not only the are the site. It's you are the side by 08:22.430 --> 08:25.190 the wickets all the tension that where we see visible will runs. 08:25.700 --> 08:28.970 Artery our biggest overruns historic like and that's where people 08:28.970 --> 08:32.060 pay most attention what you're doing and what you gonna production 08:32.060 --> 08:34.460 things a relatively stable because we can't predict production 08:34.460 --> 08:37.700 cost pretty well and don't you get on at such canister debate 08:37.700 --> 08:41.000 borrow money and people are follows much but if you try to manage 08:41.000 --> 08:43.600 official you have to look where that money. It's the will the supple. 08:44.240 --> 08:47.430 And that's in corruption and is insisting on a particular so 08:47.430 --> 08:50.090 we're we're tracking both of those I mentioned earlier on that 08:50.290 --> 08:51.810 what we're doing I am thirty five. 08:52.460 --> 08:54.650 We've had great success there but I think we still have a long 08:54.650 --> 08:55.140 ways to go. 08:56.650 --> 08:58.010 Lover jury laughter. 08:59.450 --> 09:02.310 I others a wide range of things that we're doing to prove officials 09:02.310 --> 09:05.680 say that's what better by far the ball better buying our is all 09:05.680 --> 09:08.630 about that for better by far one point. Oh was all about the 09:08.630 --> 09:10.780 trip thereby bar two point was all about. 09:11.540 --> 09:15.260 I started things like should cost we you should cost very effectively 09:15.560 --> 09:19.170 in the Lafite negotiation a with larkin for a three five. 09:19.740 --> 09:22.580 Yelled couple years ago. We went out and get a bottoms up and 09:22.580 --> 09:26.430 else's of what the cost up to be based on historical experts. 09:26.830 --> 09:28.740 It was very detail was very for all. 09:29.290 --> 09:32.610 We took that should cost indoor negotiation were locking and 09:32.610 --> 09:35.490 it has a long time to reach assault. But we were sitting there 09:35.490 --> 09:38.580 with the evidence you know he us of what would take to actually 09:38.580 --> 09:40.850 build airplane. It. What performance we should be getting. 09:41.420 --> 09:43.960 And we eventually got to a degree in which we think was quite 09:43.960 --> 09:47.780 fair based in large part of that now despite the fact that the 09:47.780 --> 09:50.620 production rate did not go up the march thing that the minute. 09:51.410 --> 09:52.600 We're a really cost that. 09:53.390 --> 09:56.770 So we were awarded now we're still relatively low production rate. 09:57.640 --> 09:59.580 A hell that rate there two years ago. 10:00.500 --> 10:01.310 You're a half ago. 10:01.890 --> 10:04.390 With the intention of getting the designed to a more stable point 10:04.570 --> 10:07.730 the I'm probably most famous in the in the opposition very of 10:07.730 --> 10:10.550 the public for having talked about the decision to enter brush 10:10.550 --> 10:11.670 on the up thirty five twirl. 10:12.180 --> 10:14.720 Your use a phrase that position malpractice prescribed that. 10:15.180 --> 10:17.620 There's hardly articles written about their three five it doesn't 10:17.620 --> 10:18.090 mention that. 10:18.760 --> 10:21.770 And that was one specific decision on the programme. We prove 10:21.770 --> 10:24.360 production before we should we end up like texture. 10:25.000 --> 10:28.500 The there's up a publisher up in the in the room that we use 10:28.500 --> 10:30.160 trawler major acquisitions Asians. 10:30.740 --> 10:34.020 That is david Packers original better by our fuel although it 10:34.020 --> 10:34.740 in called that. 10:35.300 --> 10:37.540 One of his eight rules as flight before a bot. 10:38.270 --> 10:40.750 And we convinced ourselves somehow. That's the case the a three 10:40.750 --> 10:41.820 five and have to do that. 10:42.350 --> 10:45.670 There we got a very high the concurred program extraordinary decor. 10:46.050 --> 10:48.290 So we've been working our way through a. 10:49.100 --> 10:50.010 The implications of that. 10:50.770 --> 10:52.560 Japan one years ago you'd have to go. 10:53.150 --> 10:57.540 A I had a review done. I'd tips of my staff and I haven't been 10:57.540 --> 10:58.540 reviewed over the program. 10:59.120 --> 11:02.530 Identified the design issues concluded that we really premature 11:02.530 --> 11:05.410 to increase production and I stopped caught justly about the 11:05.410 --> 11:07.220 possible that the stopping production that. 11:08.040 --> 11:10.980 But for a variety of reasons. We kept going but we flatten the profile. 11:11.610 --> 11:15.140 So the proves the program right now is will we be able to raise 11:15.140 --> 11:18.010 the production rate as we can clarify fifty. 11:18.770 --> 11:21.170 I'm cautiously optimistic that we'll be able to do that. 11:21.740 --> 11:24.210 What we can raise that rate down we can get some efficient use 11:24.250 --> 11:28.470 of of scale and the broken side start to see because not sure. 11:29.150 --> 11:31.450 El argued is working mothers on those. 11:32.310 --> 11:34.810 A leadership there's the up understands that. 11:35.510 --> 11:37.920 And they're working hard to bring costs down they appreciate 11:37.920 --> 11:40.530 that that's important thing for them to do it the progress gonna 11:40.530 --> 11:41.900 go for be fully successful. 11:42.590 --> 11:46.110 A so we're making progress there and I'm cautiously optimistic 11:46.110 --> 11:49.210 that we'll go around papa spent fifteen and I will do my best 11:49.210 --> 11:52.750 to provide protective production funds as well see are the funds 11:52.750 --> 11:53.860 as we go through the next. 11:54.410 --> 11:57.250 Few months of budget turmoil that looks like perkin. We're committed to. 11:58.730 --> 12:01.120 I'm number of other things we're doing to improve efficiency. 12:01.900 --> 12:04.820 We're trying to use the right contract I and put the incentives 12:04.850 --> 12:05.610 for of industry. 12:06.180 --> 12:08.000 We change in centers for the a thirty five. 12:08.720 --> 12:11.320 At the carter almost three years ago shortly after the number 12:11.320 --> 12:14.300 pretty breach of or whatever I came back in the building. 12:15.160 --> 12:18.780 Put lots for until fixed price and Sophie contract previous lots 12:18.780 --> 12:19.590 of and cost plus. 12:20.270 --> 12:23.800 Two there were using fixed price about not uniformly not always 12:23.980 --> 12:27.350 but we're makes sense where the risk is reason the owners to. 12:27.890 --> 12:30.640 Bring the cost of the control and their shared risk that industry. 12:30.770 --> 12:33.140 So we did that on a thirty five there were lots for. 12:34.100 --> 12:37.640 I'd weekends ago. Look is ruins of the next year after it became 12:37.640 --> 12:40.490 the under the acting under at the currency cops. 12:41.060 --> 12:43.620 And their rebuttal incentives ah lockheed to bring the concurrent 12:43.620 --> 12:44.630 exhaustion the control. 12:45.170 --> 12:48.080 Become an agreement with them which again was a car sharing agreement 12:48.420 --> 12:51.570 for the changes or that we made to the airplanes it we're building 12:51.920 --> 12:54.850 as a result the test program those were covered by the basic 12:54.850 --> 12:58.120 production contract. So we're still in that mode but started 12:58.120 --> 13:01.810 a lot five we start assuring the wrist associate with those changes 13:02.210 --> 13:04.790 and lockheed now he's skin in the game. If you will and a strong 13:04.790 --> 13:07.730 incentive to get the changes in corporate quickly. So ignore 13:07.730 --> 13:09.210 the basic price. If you dare. 13:10.170 --> 13:12.840 And to are just going to get those changes identified as quickly 13:12.840 --> 13:15.720 as possible and brought into the into a broad twice as quickly 13:15.720 --> 13:17.820 as possible. Sure making progress there. 13:18.380 --> 13:21.480 And we're going exert tighter contract. Modes lot five when we 13:21.520 --> 13:22.930 we close a few months ago. 13:23.840 --> 13:28.080 A was a deal in which we tightened that they're favorites bryson 13:28.080 --> 13:29.090 said the contracts. 13:30.020 --> 13:34.070 Ebook a ratio sharing between the government industry and over ups. 13:34.710 --> 13:38.230 And what and of period over which the target price of that helps 13:38.540 --> 13:41.760 so a lot for we circle was they've rather we generous terms for 13:41.760 --> 13:44.640 that we tighten those germs about five hundred tightening for 13:44.640 --> 13:47.910 the remarks that shoring continue. But pressure on walkie to 13:47.910 --> 13:51.480 perform an incentive. I sent to bring in them and gets a cost 13:51.890 --> 13:54.860 that's work they're doing the same thing essentially with the 13:54.860 --> 13:57.850 engine manufacturer which is on a shopper contractors. So there 13:57.850 --> 14:00.450 are a number of things we can do apart. Another example argued 14:00.450 --> 14:01.270 near thirty five. 14:01.810 --> 14:05.080 Is take time to get the right business deal gave you liquors 14:05.080 --> 14:07.270 are people API all I ever to live together. 14:08.060 --> 14:11.840 But the to try to mediate some that you prefer sincerity of our. 14:12.650 --> 14:15.360 There's a perverse incentive to are to get our money. 14:16.050 --> 14:17.890 Who were measured on how fast the other get more. 14:18.650 --> 14:21.600 And if we don't always get those responsible take-away you the 14:21.600 --> 14:24.710 congress of the comptroller of the or dearly comptroller servers. 14:25.270 --> 14:29.330 So bothered I said was you should not fuel that is a failure 14:29.790 --> 14:32.410 if you have a good reason for not allocate your money. We want 14:32.410 --> 14:35.340 you to take the time to get a good business deal that Thatcher jimmy. 14:35.930 --> 14:39.050 So we took the time unlike five to get a good business to that 14:39.050 --> 14:42.390 was worth it. We got a regional price or that we would not gotten 14:42.390 --> 14:44.390 if we felt pressured gets under projector where. 14:45.080 --> 14:48.880 A A whole host of things that we're doing acting on a lot about 14:48.880 --> 14:52.570 diversity initiatives that cut across the services contracting. 14:53.580 --> 14:56.920 The were buying incentives to industry. We're in pretty competition 14:56.920 --> 14:58.010 bringing competition in. 14:58.580 --> 14:59.620 Our mission a couple there. 15:00.820 --> 15:03.610 The idea there is everyone agree competitive environment. 15:03.750 --> 15:05.520 We can't always have head to head competition. 15:06.110 --> 15:08.680 Just because of the quantities that we buy are often end up a 15:08.680 --> 15:09.680 missile source position. 15:10.270 --> 15:12.790 Are that's increasingly jurors budgets come down as we. 15:13.400 --> 15:15.130 I have to read to some of our production right. 15:15.830 --> 15:18.270 What we can still have ways to create job better than par. 15:19.430 --> 15:22.300 I have started an issue of call the here domino submission. 15:23.020 --> 15:26.370 Which isms early stages which were working with darker up to 15:26.370 --> 15:29.170 start to think about and do some berliner design work on the 15:29.170 --> 15:30.730 next generation aircraft for now. 15:32.250 --> 15:35.140 At some point we're going to go beyond thirty five whatever comes 15:35.140 --> 15:37.940 next in the plane which we choose to do that. Well the better 15:37.940 --> 15:40.960 part on how well we get the cost of your three five gas and how 15:40.960 --> 15:44.980 well it performs. So this can be footsteps behind lockheed eventually. 15:45.560 --> 15:48.690 About the next generations what ever gets the next generation 15:48.690 --> 15:50.100 that rare common system. 15:52.010 --> 15:53.350 I'm industrial base. 15:54.480 --> 15:56.860 The industrial base. It is I think. 15:57.880 --> 15:58.910 And so like that. 15:59.740 --> 16:01.940 The duane is a what's gonna happen. All the buckets. 16:02.620 --> 16:05.710 It's nerve is there are people risk out there they understand that. 16:06.590 --> 16:09.800 I I spent a lot of time with industry dismissed races been very 16:09.800 --> 16:13.680 very open to interact ministry very subtle industry's of. 16:14.230 --> 16:17.310 Spent a lot of time talking the CEO's and other people industry 16:17.310 --> 16:21.040 about situation ae-ran very aggressive their ideas of better 16:21.040 --> 16:24.710 by to part two point. Oh reflection number being which from industry. 16:25.760 --> 16:30.570 I I examples a voice place to acceptable for modifying our our 16:30.570 --> 16:33.890 language on that we found that it was good overused. 16:34.900 --> 16:38.510 And that is being using cases were just really isn't that easy 16:38.900 --> 16:42.230 but it may be impossible to to enable the defied totally suck. 16:42.720 --> 16:45.910 So we'd of all the default that case to los coffins and pitched. 16:46.340 --> 16:49.310 So we do a better job of that so the guides there's the usual 16:49.310 --> 16:53.190 wanted to probably at. But if you can't define to be acceptable 16:53.190 --> 16:55.900 a meaningful objective way you need to do something else probably 16:55.900 --> 16:57.540 of that's value of a different type. 16:58.730 --> 17:02.390 We're trying to find value better of until we can do better best 17:02.390 --> 17:03.860 value sore selections. 17:04.560 --> 17:08.740 Lee. The cars that are introduced twit show. I think it's been 17:08.740 --> 17:11.670 although of of problem for some people tech a federal this. 17:12.280 --> 17:15.790 Is it we have had to find value from our perspective as the customer. 17:16.950 --> 17:19.810 Yeah I tallest or a lot about what I was Raytheon we're trying 17:19.810 --> 17:22.120 to sell missile to the to the air force. 17:22.900 --> 17:25.960 And we felt that we honor superior design. There is no question 17:25.960 --> 17:28.080 our minds of our designers better competitors. 17:29.240 --> 17:31.750 Unfortunately we couldn't figure out anyway. We're great credit 17:31.750 --> 17:34.960 for that in the sure selection and evaluation. So I spent some 17:34.960 --> 17:37.770 time trying to convince a government that it out to provide a 17:37.770 --> 17:40.470 way to give us some credit was sure selection for the increase 17:40.470 --> 17:43.680 value that we provide we added a hero in march but at the top 17:43.680 --> 17:44.780 there was no way around that. 17:45.460 --> 17:47.840 Other or some other business factors that led people's billing 17:47.840 --> 17:48.860 practices at the time. 17:49.370 --> 17:52.090 I feel like. Yeah I was I was unable a convinced. 17:52.890 --> 17:55.030 The government it changes devaluation venture. 17:55.820 --> 17:56.920 But that's tourists are get. 17:57.500 --> 18:01.150 You know for a very small motto for the cruise cost the government 18:01.150 --> 18:04.400 my done a much better crop. So I'm trying to do with the services 18:04.400 --> 18:08.510 knows get them to define best value in a way which allows us 18:08.510 --> 18:11.600 to pick a more creative more innovative but perhaps much more 18:11.600 --> 18:13.430 effective much more higher performing. 18:13.970 --> 18:17.780 Prop. And we did this in a small a a very small way on the taker. 18:18.550 --> 18:20.080 The tanker acquisition was done. 18:20.940 --> 18:24.170 With a very narrow range for increase features on the are we 18:24.170 --> 18:27.940 do know with up from a come a rescue helicopter more recently 18:27.940 --> 18:31.310 for the for the air force which is on going the dairy defined 18:31.310 --> 18:33.620 how much more if you want to pay for the object of require. 18:34.220 --> 18:36.110 And we'll continue to do that works appropriate. 18:36.870 --> 18:39.860 It it was a new way of thinking about things for the surged to 18:39.860 --> 18:40.720 look at that work. 18:41.290 --> 18:44.950 And give you buy anything of all this go out and buy a ticket marketplace. 18:45.240 --> 18:49.280 We will pay sometimes more for more capable based on our own 18:49.280 --> 18:52.550 perception of value how much ticket though these were stops we 18:52.550 --> 18:55.040 really don't worry too much about what it costs over to manufacture 18:55.040 --> 18:57.790 like it. But we care about is what is we're starts. 18:58.340 --> 19:01.580 Now he earned into negotiations and so on we start to worry about 19:01.580 --> 19:03.270 costing more to different situation. 19:04.010 --> 19:08.200 A but defining value and the largest that one of the implications 19:08.200 --> 19:10.470 of this is it gives people a reason innovate. 19:11.600 --> 19:14.810 Appreciably glover laws cost minimum requirement there's much 19:14.810 --> 19:17.620 less opportunity of much wasn't said innovate it gives and here 19:17.620 --> 19:20.530 for for jp. If we're going to state objective requirements or 19:20.530 --> 19:23.630 out of the reason for that nobody would pay some differential 19:23.660 --> 19:27.230 from rio's root crops new mission to find that differential said there. 19:28.280 --> 19:31.080 I lot of other things we're doing only efficiencies other people 19:31.080 --> 19:33.130 want quote for the rest the our about that correlate. 19:33.780 --> 19:35.910 When we keep going on on industry sought. 19:37.730 --> 19:41.420 Are. The key I think discouraging industry and the point of view 19:41.420 --> 19:44.650 over a leaner more productive industry is the incentives to promote. 19:45.560 --> 19:47.150 And we're continues you do that. 19:47.750 --> 19:50.750 A we want a strong industry who won a profitable industry of 19:50.750 --> 19:52.350 said this in every speech I think i've given. 19:52.950 --> 19:55.720 Of the number reiterate respecting treated. The problem. 19:55.900 --> 19:58.550 You have to be part of that you're not get out of the defense 19:58.550 --> 20:00.500 doctor you be somewhat of a doctor for. 20:01.250 --> 20:02.120 A effects. 20:02.770 --> 20:07.260 So that's that's a given day but I want high profit to perform 20:07.330 --> 20:09.840 its and really are and so structure to do that. 20:10.440 --> 20:13.260 Of one reward are better performance one of things we're doing 20:13.560 --> 20:17.460 we will be doing is providing a superior supplier proper which 20:17.460 --> 20:20.420 identify some of our better performers and rewards them for what 20:20.420 --> 20:23.640 they're doing it. We can't do that drought the financially necessarily 20:23.640 --> 20:24.870 but there are other ways. We can do that. 20:25.790 --> 20:29.130 I've so we're very were ministry were Monterrey get very closely. 20:29.390 --> 20:31.740 Brett members here with me is my industrial base. 20:32.300 --> 20:33.620 A senior official bicycling. 20:34.190 --> 20:37.640 And we are concerned about the implications of the budget changes 20:37.640 --> 20:38.500 that we're we're undergo. 20:39.360 --> 20:41.020 Ripper jamaican john lots more companies. 20:41.990 --> 20:44.550 I as we go to the downturn project you with a low production 20:44.550 --> 20:48.250 rates we have a lot quieter small poppies ago the greatest difficulty 20:48.540 --> 20:50.370 of sure re some of the cuts that they're going to say. 20:50.900 --> 20:53.470 They don't have the access to capital they don't have those things 20:53.500 --> 20:55.160 are that the other others to. 20:55.970 --> 20:58.270 The big companies will get through this. Okay bill reposition 20:58.270 --> 21:02.240 themselves a and booking have an au pair wealthy. Look a mother 21:02.240 --> 21:03.760 viewer astronomers result of. 21:04.840 --> 21:08.040 But we are looking at the structure of we are prepared to step 21:08.040 --> 21:09.200 in in certain cases. 21:09.900 --> 21:12.440 We don't have a lot of resources to do that case it's going to 21:12.440 --> 21:13.010 be selected. 21:13.580 --> 21:16.220 We're trying to find official ways to step down red as saying 21:16.220 --> 21:18.710 likes to use of we shouldn't throw billion dollars. That's all 21:18.710 --> 21:19.780 in the in our props. 21:20.600 --> 21:23.620 I agree that we shouldn't be buying entire weapons systems to 21:23.620 --> 21:26.660 save small manufacturers to happen of the book going component. 21:26.660 --> 21:27.510 Others will consist. 21:28.140 --> 21:31.600 But we should where those tricky dick Marty force find ways to 21:31.600 --> 21:34.540 keep those people are alive that in the in the market was. 21:35.210 --> 21:37.360 Again this can be by exception more the more. 21:38.960 --> 21:43.460 On rejecting the future. Does art missed four straight juliette 21:43.460 --> 21:45.220 was workforce by my most work what. 21:47.060 --> 21:50.710 Nothing matters more the Journal success in program management 21:50.710 --> 21:54.970 report go every product than the quality of leadership nothing 21:54.970 --> 21:55.560 matters more. 21:56.450 --> 21:59.140 If you look at all a good case studies out their programs of 21:59.140 --> 21:59.780 the delivered. 22:00.290 --> 22:03.830 I where people of executed and they brought things on time schedule 22:04.010 --> 22:07.400 that their requirements what runs across them strong leadership 22:07.710 --> 22:09.140 and technically copper there. 22:09.770 --> 22:14.120 A Strong business capabilities strongly advocate bill these strong 22:14.120 --> 22:16.960 engineering management capabilities stall spectrum of things 22:17.290 --> 22:18.800 that it takes to bring a product at. 22:20.050 --> 22:20.840 It is. 22:21.440 --> 22:25.040 It all those things we've done over the years I see them as business 22:25.040 --> 22:28.050 for about forty years. I've ceos change five thousand no to a 22:28.050 --> 22:30.060 zillion times I'm doing it again to. 22:30.640 --> 22:32.080 As i've seen as custard. 22:32.610 --> 22:34.590 Cycle letter cycle that was illegal for. 22:35.250 --> 22:38.210 You know better buying power a doctor carbide both don't like 22:38.210 --> 22:39.840 to talk about that as acquisition before. 22:40.470 --> 22:41.960 We talk about is continuous improvement. 22:42.740 --> 22:46.640 And I was I had a a dinner and some former opposition executives 22:46.980 --> 22:50.390 couple months ago. One amid the comet that mildest of to what 22:50.670 --> 22:52.680 the thirty five things on the there of like parlors. 22:53.780 --> 22:55.280 My reaction was it's probably too sure. 22:55.970 --> 22:58.380 I've got the a few categories major categories. 22:58.880 --> 23:01.210 But we learned a very complicated difficult world. 23:01.720 --> 23:03.730 It takes true professionals to do this. 23:03.730 --> 23:07.060 Well. Most people ought to be grown joe in government we have 23:07.060 --> 23:09.500 to grow them and then inside the government system whether it 23:09.930 --> 23:11.570 military people or civil service. 23:12.080 --> 23:14.730 And they have to be prepared for the tessa dick Dougherty got 23:14.730 --> 23:15.840 huge responsibilities. 23:16.650 --> 23:20.410 But if you see some of that give you couple other a thirty five examples. 23:21.120 --> 23:22.610 The carter hampered. David let. 23:23.180 --> 23:26.770 You run the program he got the program which we stabilized he 23:26.770 --> 23:28.770 got a base on a place of are executing two. 23:29.620 --> 23:32.440 He up as quote good business tips and chris vikings hampered 23:32.440 --> 23:36.010 by me. He's come in these days epicenter he's try to control 23:36.010 --> 23:38.720 costs and are are the product and is being very very effective 23:38.720 --> 23:41.730 that and you could hear from all the city and that he really 23:41.730 --> 23:43.720 understands that brought the mori to it. 23:44.240 --> 23:47.580 Yeah he's on top of that that's what we what these are easy jobs 23:48.030 --> 23:51.130 they're very very difficult complex jobs that we quark. 23:51.830 --> 23:54.990 Decades of preparation before you can do them and be successful 23:54.990 --> 23:57.970 up so yes strengthen that get a bill that we get a manage our 23:57.970 --> 24:01.050 talent for in grow or people so that there is a factor was a 24:01.050 --> 24:05.440 convict this benefits everyone I had up did depressed a slightly 24:05.900 --> 24:09.290 what the hell staffers gave me a sheet of paper recently about. 24:10.100 --> 24:11.700 The apoel walkies coke works. 24:12.630 --> 24:15.870 And was I Kelli Johnson by doing that a it was were my heroes 24:15.870 --> 24:20.420 growing up in this business of this we had a methodology of doing 24:20.420 --> 24:22.820 work in clover e-bikes Rework very close to the gum. 24:23.660 --> 24:27.210 And behind that was the idea of small teams on both sides industry 24:27.210 --> 24:30.510 and government focused very much on the car mixture of pretty far. 24:31.550 --> 24:35.400 Developing a new technology capability in a way which was characterized 24:35.740 --> 24:38.920 in is an interesting work and I thought about the slot by trust 24:38.950 --> 24:40.060 between industry got. 24:41.250 --> 24:44.920 And I thought about that has a role now all we have is tune or 24:44.920 --> 24:47.180 slower process. We all surgery. 24:47.990 --> 24:51.590 A high requirements in plans people at the Sydney the me a Wall 24:51.590 --> 24:55.040 Street to milestones in reviews and decision points in layers 24:55.040 --> 24:56.370 and layers of staff review for things. 24:57.140 --> 25:00.620 Hardcover differ over trevor substitute in subset process for 25:00.620 --> 25:01.590 that for over a bar. 25:02.960 --> 25:04.310 What makes server not work. 25:05.510 --> 25:07.970 We don't have to trust you can start there but that's not really 25:07.970 --> 25:11.830 to be the cues that the people on both sides of the table on 25:11.830 --> 25:14.930 the government side and the initially side thoroughly understand 25:14.930 --> 25:17.380 the job that has to be done and no other do it. 25:18.010 --> 25:21.140 And they can work together focused on getting that job done. 25:21.640 --> 25:24.360 You can have that if you don't have people on the government's 25:24.360 --> 25:27.320 side wars exported professionals. People ministries are. 25:27.990 --> 25:30.850 And you insist on the right things being done to get the Barca 25:31.190 --> 25:34.510 understand waste than the CIA and don't tolerate want to have 25:34.510 --> 25:37.270 that everybody's understanding that that's Timberlake working 25:37.270 --> 25:41.310 and you can trust is based on mutual respect and knowledge about 25:41.310 --> 25:42.020 what the sabina. 25:42.550 --> 25:45.180 So I I I I think this is worth trying. 25:46.360 --> 25:49.180 So i've talked to the services about the idea of doing some pilots 25:49.180 --> 25:52.390 like this on the conversion programs that I think would be suitable 25:52.740 --> 25:56.190 and the key to it those go the the management team to the government's 25:56.190 --> 26:00.360 up whether I feel that team is really ready take on that role 26:00.430 --> 26:03.460 will change internally for those fireworks idea. 26:03.990 --> 26:06.880 The way we do reviewer oversight will be much more hands on there'll 26:06.880 --> 26:10.770 be shorter will be focused on specific decisions and or get river. 26:10.770 --> 26:13.390 Awful lot of your will meet all requirements of the statute there 26:13.390 --> 26:16.050 a lot of them will meet but we're gonna do it a different way. 26:16.080 --> 26:17.540 So I'd like to move in that direction. 26:18.070 --> 26:22.160 And if the services can be old what a larger galleries provide 26:22.160 --> 26:24.970 that people are workforce to get me wrong about that but if we 26:24.970 --> 26:27.340 can build larger deborah's of people that the kind of Ashanti 26:27.340 --> 26:28.100 some talking about. 26:28.700 --> 26:31.220 Then we can do much better job and we can do more programs like 26:31.220 --> 26:33.900 that so I think it's worth worthwhile it to the expert. 26:34.610 --> 26:37.980 I struggle to try to balance between the or every impose our 26:37.980 --> 26:41.460 programs very do etiquette or shut mission would make the decisions. 26:41.990 --> 26:44.460 There's a lot of axis or we're headed there. I don't think it's 26:44.460 --> 26:47.680 nearly as bad as some people said but it departure management 26:47.680 --> 26:50.160 from doing what they should be doing which is focusing on execution 26:50.160 --> 26:52.390 are programs image for other contractors. 26:53.060 --> 26:55.970 So all strains in the workforce are they looking long term. 26:56.570 --> 26:59.340 If there's one legacy of like day out its own what people below 26:59.340 --> 27:01.570 sellout behind a stronger workforce lighter. 27:02.090 --> 27:06.330 Snow i've got to serves opposition leadership fully in line with us. 27:06.480 --> 27:10.130 I've talked to servers military department leadership about that 27:10.160 --> 27:13.540 because responsibility for our key leaders and promoting them 27:13.540 --> 27:16.990 up to their career pass rest largely with the civilian leadership. 27:17.570 --> 27:20.790 To topple the of observer with the uniform leadership at the 27:20.790 --> 27:22.160 top of the military part. 27:22.850 --> 27:25.520 And dig their their resonating with this and I think we have 27:25.520 --> 27:26.370 been corporation on. 27:27.830 --> 27:30.000 Are the last thing on my list of protecting the future. 27:31.780 --> 27:34.490 Do I go back to the have thirty five in. The course of the river 27:34.490 --> 27:37.450 is what they're thirty five also a word about that they're too. 27:38.440 --> 27:42.820 The The every five is the future of their garments for the next 27:42.820 --> 27:46.180 several decades. It's if usually are stated to be for out. 27:46.700 --> 27:47.320 Park about. 27:48.130 --> 27:51.520 We're not gonna start or we are committed people of a common 27:51.520 --> 27:53.250 taught that the press edges trip. 27:53.990 --> 27:56.980 And now I feel that after three years with the program. We are 27:56.980 --> 27:59.350 getting joe a much much better place for the broke. 28:00.610 --> 28:03.510 I'm cautiously optimistic that we'll be able to ramp up production 28:03.580 --> 28:04.670 starting unified fifteen. 28:05.380 --> 28:08.150 I can tell you that you can expect from react. We can talk much 28:08.150 --> 28:09.400 about the apply fourteen budget. 28:10.200 --> 28:13.230 Up but you can expect to see very little overweight changes the 28:13.230 --> 28:15.170 profile for the thirty fives. 28:15.980 --> 28:17.230 We are centrally. 28:17.750 --> 28:21.180 Executing to the planet dave of them that put together over your. 28:21.860 --> 28:25.240 Jaws we continue to do that as laws lockheed bracket. You execute 28:25.710 --> 28:27.200 that we're interested without quite. 28:27.910 --> 28:30.620 They are there are still risk in the programme which saw a long 28:30.620 --> 28:31.960 way to go up which don't of all. 28:32.480 --> 28:35.410 You know where you know approaching forty% the way through the 28:35.410 --> 28:36.370 flight test program. 28:36.980 --> 28:40.120 We saw for a virus off or do we have a lot testing this operative. 28:41.010 --> 28:42.850 There are the design issues were working off. 28:43.400 --> 28:46.180 And occasionally uses happen recently you'll see some palm show 28:46.180 --> 28:49.070 what and the press that we've had to take huge issues with the deal. 28:49.650 --> 28:52.810 Yeah I I believe that there is nothing in the program that is 28:52.810 --> 28:54.500 good at the rose program a major way. 28:55.170 --> 28:58.570 And on a make that as a firm commitment every program we do as 28:58.570 --> 29:00.500 rats this program has rest. 29:01.060 --> 29:04.140 Yeah I'm not sure beautiful programs in one of the things I told 29:04.140 --> 29:08.340 our park be owns include chris is I do not want you to be a cheerleader 29:08.340 --> 29:11.720 for the proper stature job your job is to deliver the product 29:11.860 --> 29:14.940 and control will cost and I try hard. There's there's bargain 29:14.940 --> 29:15.310 the do. 29:16.070 --> 29:19.570 And I'll show where diet it once you start going up in public 29:19.610 --> 29:20.460 in talking about. 29:21.230 --> 29:25.180 Of rear program is you are you put yourself into a trap again 29:25.450 --> 29:27.700 there are other people get advocate for the program. I do not 29:27.700 --> 29:31.290 want RPM spewing that do not warrap position in people do that 29:31.550 --> 29:32.740 a lot of focus on the liver. 29:33.440 --> 29:36.330 So we're that's that's early another part of taking the workforce 29:36.400 --> 29:37.680 factors should change fortune. 29:38.640 --> 29:41.830 Arad engender more of protecting the future I. 29:43.100 --> 29:46.570 A missionary dumming is an issue that I'm looking to the next generation. 29:47.120 --> 29:50.220 I'm worried about the budget barman the such seek restoration 29:50.220 --> 29:54.050 impacts and even if we don't we we we want to exercise couple 29:54.050 --> 29:55.410 of years be your last year actually. 29:56.570 --> 30:00.400 To put together a strategy of was up a sturdy about a year ago 30:00.430 --> 30:03.180 and a budget that supported a reason will bottle which is that 30:03.180 --> 30:04.610 the border control at the your outfit. 30:05.480 --> 30:08.190 And that was a very thoughtful process of a partner went. 30:08.850 --> 30:11.500 And we tried to balance the things that were in that budget. 30:11.540 --> 30:14.620 So that we cannot just support the current for structure people 30:14.620 --> 30:17.810 ready force. But also invest in the technology and the systems 30:17.810 --> 30:20.380 we would need to recapitalize of modern concept. 30:21.440 --> 30:25.270 That there is risk now with us he castration levels and even 30:25.270 --> 30:28.760 lower at models that are not that the That we'll get out about 30:28.900 --> 30:32.340 and if we have to take significant cuts. We've gotta go back 30:32.340 --> 30:35.680 to the drawing board. We think the strategy we think the forefront 30:35.680 --> 30:37.460 for and try to get back about. 30:38.370 --> 30:41.890 I am perverse about our ability to do the research involvement 30:42.130 --> 30:45.010 that we really need to do to cuba healthy department long trial 30:45.440 --> 30:46.690 in the atkin the climate that were. 30:47.240 --> 30:50.900 So I am thinking seriously about the idea support but these programs 30:51.280 --> 30:54.410 are designed to be a hedge against a risk of being up about. 30:55.160 --> 30:58.520 As a been done before our bill berrylike talk the other day. 30:59.040 --> 31:02.100 And he confirmed for me that he allowed to several occasions. 31:02.720 --> 31:06.490 Made some investments a when he was a leadership position an apartment. 31:07.100 --> 31:09.760 In programs that he did not think that the current budget will 31:09.760 --> 31:11.200 at least which support long trip. 31:12.600 --> 31:16.350 He did with the idea that a huge do a few things one of them 31:16.350 --> 31:20.730 is kids a technology moving for so there are tech parts brewers purity. 31:21.110 --> 31:24.610 Maybe not feel that systems but of the summer drive working laboratories 31:24.820 --> 31:25.400 and a brother. 31:26.750 --> 31:28.260 Face the threat. If you are. 31:29.180 --> 31:33.350 Arc keep our critical skills in illustrate hawk car design skills 31:33.350 --> 31:35.290 innovation skills are designed it. 31:36.070 --> 31:39.190 Give a place for technology to be supporters and move for so 31:39.190 --> 31:42.210 we have a continuous stream of things and the bike for you know 31:42.210 --> 31:44.680 they don't get it to falls gonna and of corruption. 31:45.650 --> 31:47.070 And hedge against an uncertain future. 31:47.810 --> 31:50.230 The euro will know what will happen in the next several years. 31:50.230 --> 31:54.090 I respected him treat every turn to repeat its offer that that's 31:54.090 --> 31:57.850 part of budget that were downturn that will and mobile out of 31:57.850 --> 31:59.050 the when it will be but it will be. 32:00.380 --> 32:04.240 A I I think we may need to hedge a little bit again said uncertainty 32:04.270 --> 32:08.140 of our future given the body converts a rare discovery very selective 32:08.170 --> 32:10.950 of talk to doctor carter. But I don't know from its inception in. 32:11.460 --> 32:14.620 You just think about which more specifics and we'll do that the 32:14.620 --> 32:17.290 air dominance an issue that I mentioned earlier is is one of 32:17.290 --> 32:19.760 things we're doing that head in the direction of something like 32:19.760 --> 32:20.680 it explain program. 32:21.730 --> 32:24.150 That would move the technology for a few of the local right into 32:24.150 --> 32:25.340 production or do you do. 32:25.880 --> 32:27.730 And there are other killers potentially art. 32:28.660 --> 32:32.210 In general architect are doing and is I look at the shape of 32:32.210 --> 32:35.400 our budgets and the structure of our budgets. I am concerned 32:35.400 --> 32:36.820 about the drop off of R&D. 32:37.370 --> 32:39.890 You what we did last year or voice of the five your point about. 32:40.920 --> 32:42.990 Was cut for structural gradually over the FA. 32:43.500 --> 32:45.750 Cup production pretty quickly and then recovery. 32:46.400 --> 32:47.810 Guardian not we car. 32:48.680 --> 32:51.020 And I'm getting nervous about that that we got another round 32:51.020 --> 32:54.560 of cuts at that we're going to try to balance to preserve our D. 32:54.890 --> 32:57.850 But I also think we may be to make some bets designed but things 32:57.850 --> 32:58.570 into a. 32:59.090 --> 33:02.090 Production. Maybe at some point the future. But that with the 33:02.090 --> 33:04.710 certainly big like to hear for less three years. I've been in 33:04.710 --> 33:07.220 the motor trying to make sure we don't start things we can afford 33:07.700 --> 33:10.680 to groom a card C obese make some really poor but the investments 33:11.000 --> 33:13.660 and things you may not the Serbia will for given today's budgets. 33:14.390 --> 33:16.760 We'll also be selective about this. We also are gonna have to 33:16.760 --> 33:18.290 go back and look at our new starts. 33:18.850 --> 33:21.160 The the my gum. Hmm. Ok sounded like. 33:21.800 --> 33:25.130 A Them for become aware that I. 33:26.250 --> 33:28.840 We have to do that who starts a that we have to do the starched 33:28.840 --> 33:31.910 very selectively now and things are not really important to us. 33:32.580 --> 33:36.120 We may have to forgo increasing fraction of our the budgets is 33:36.120 --> 33:39.360 going in to upgrade existing systems. So we need to design thing. 33:39.360 --> 33:42.530 So we can keep them for a long prototype meets moderate designed 33:42.530 --> 33:45.380 which is rather an open systems which is another part there are 33:45.380 --> 33:45.960 by far. 33:46.610 --> 33:50.420 Is a way to insure technology in control cost but also was when 33:50.420 --> 33:52.320 a modernises because we give them strength. 33:53.130 --> 33:54.280 We're gonna be keeping things longer. 33:55.280 --> 33:59.220 A final word. I think will be about sick restoration of the modem 33:59.220 --> 34:00.880 or in right now for a flight thirteen. 34:01.510 --> 34:02.950 Is based the damage limitation. 34:03.930 --> 34:06.240 We're trying to minimize the near term the amateur put out a 34:06.240 --> 34:09.620 note to the workforce and i've coarse fodder with bush or industry 34:09.740 --> 34:10.790 partners about this. 34:11.720 --> 34:14.850 Oh we're gonna make some adjustments it is you know we we will 34:14.850 --> 34:17.170 get through thirteen somehow of we have to. 34:18.180 --> 34:21.580 It is doing any nor smart damage. It is flying a it is what is 34:21.580 --> 34:25.240 working against all the things on my list report but the georgettes all. 34:25.760 --> 34:28.400 No hurried to go back to the workforce a. 34:28.940 --> 34:32.260 Year we've had a lot of our people leave I got the mail this 34:32.260 --> 34:35.070 morning that one of our best contracting professionals was going 34:35.070 --> 34:37.510 to take a job in a outside a department. 34:38.260 --> 34:40.940 You know when you're looking at pay freezes for multiple years 34:41.030 --> 34:43.080 and you look in the paper said and frauds. 34:43.670 --> 34:46.270 Yeah I'd kinda hard. I'm not eighties interest and why someone 34:46.270 --> 34:46.960 would choose to do that. 34:47.830 --> 34:50.420 We've got a very loyal dedicated workforce. We're gonna go through 34:50.420 --> 34:54.260 a period of shared sacrifice of fussy frustration stays in place 34:54.260 --> 34:55.260 new rules are changed. 34:56.030 --> 34:59.180 Of but I think give ditch doing damage which doing a lot of damage 34:59.180 --> 34:59.820 for our future. 35:00.590 --> 35:04.250 I we have challenges we will get through them of the departure 35:04.250 --> 35:07.590 will come on let's a hopefully a reasonable level funding. 35:08.150 --> 35:11.110 And we all minister it but I think nobody should think that there's 35:11.110 --> 35:14.420 not damage being done after. Yeah we've describes illustration 35:14.420 --> 35:18.250 as a covers slowly starting avalanche of way tried were initially 35:18.390 --> 35:20.030 doesn't you might get much is going on. 35:20.610 --> 35:21.590 There's a lot going up. 35:22.190 --> 35:26.420 What the other day to ten% cut taken in a very very inefficient way. 35:26.930 --> 35:30.710 Doesn't laos to prioritize does a lot of money were renewed the most. 35:31.410 --> 35:34.200 Already a devastating impact on on them because that's the are 35:34.200 --> 35:34.970 rules around our. 35:35.530 --> 35:37.210 Vision ever on the dollar correct some of their. 35:38.180 --> 35:40.810 That only partially salsa problem. You know the kind is still 35:40.810 --> 35:41.620 the same size. 35:42.240 --> 35:45.010 I was talking to some air force opposition leadership this morning. 35:45.560 --> 35:47.590 They're very concerned about some of those of they're going to 35:47.590 --> 35:49.640 pay even that will go syrup. 35:50.450 --> 35:53.910 So we've got a really big problem there and to it isn't as visible 35:54.160 --> 35:56.990 as it might be in part because of tapping slowly over time. 35:57.610 --> 36:01.640 We're up precipitously terminate contracts for our media renegotiate contracts. 36:02.150 --> 36:05.000 People are starting a war the level of a work in some cases. 36:05.660 --> 36:07.800 What i've told people who do release for this month. 36:08.360 --> 36:09.490 Is to hedge where you can. 36:10.030 --> 36:12.610 Do a major major adjustments. 36:13.130 --> 36:15.930 If you gonna do an awful lot of damage by doing them and if not 36:15.930 --> 36:19.660 much damage the dome by delaying more there. So we're we're damn 36:19.660 --> 36:20.520 as a Magician about. 36:21.250 --> 36:24.620 Once we figure out and hopefully the partial although she los know. 36:25.180 --> 36:27.830 What a long term budget look like they're making go to someone 36:27.830 --> 36:30.920 trim planning and we stabilize these and try to get back into 36:30.920 --> 36:33.510 a solar for it. We're right now we're just trying to get through 36:33.510 --> 36:37.240 this summary asthma the other day from oppressive. I was playing 36:37.320 --> 36:39.660 woke up long term planning. I was doing I sit right now. 36:39.660 --> 36:43.370 I'm planning in days like to get the weeks maybe in the a few 36:43.370 --> 36:46.380 weeks or that the martyn delta years. But the more much more 36:46.380 --> 36:48.140 about is getting through this everything else. 36:48.810 --> 36:52.230 So I don't mean to be a lot to on about their peos because I 36:52.230 --> 36:54.600 think we'll give you a lot more beauty on where we aren't restriction 36:54.950 --> 36:55.510 and the budget. 36:56.130 --> 36:58.510 We can talk about fourteen yet we will be sending a fourteen 36:58.510 --> 37:00.010 budget up. I think for the shortly. 37:00.740 --> 37:04.050 And that I think they're gonna have to be largess mister that given. 37:04.050 --> 37:05.980 The course of I think that that covers on. 37:06.980 --> 37:08.840 Okay well sop addiction portion sizes.. Have. 37:09.410 --> 37:18.210 Have. Well let's do this because we we do arm have just a little 37:18.210 --> 37:21.240 bit of time here someone I just hit on two points quickly and 37:21.240 --> 37:23.970 then we'll see if we wanted to from the Rome arm. 37:24.670 --> 37:26.370 One is sequestered to is MNA. 37:27.090 --> 37:30.590 Okay so so one sequester interesting wishes said about fourteen. 37:31.300 --> 37:35.700 Arm budgeted talk about that yell big shortfall in that in O 37:35.700 --> 37:38.930 one M something like ten billion as ten billion dollars. 37:39.450 --> 37:43.500 Can you talk to us a little bit of thou art to what extent maybe 37:43.500 --> 37:46.660 it's procurement that that will pay for some of the shortfall 37:46.940 --> 37:51.670 are clearly set or indeed us how we think about the large programs. 37:52.210 --> 37:55.310 And their vulnerability and are they shifting in terms of priority 37:55.650 --> 37:57.740 soul was so or certain things becoming more. 37:58.280 --> 38:01.270 Opera protect the ball and other things becoming less and then 38:01.270 --> 38:02.080 last met MNA. 38:02.640 --> 38:05.260 That that the two are the biggest forms seekers trading as I 38:05.260 --> 38:09.120 mentioned is that he's program project in the car has to be cut equal. 38:09.890 --> 38:13.010 So we have very little latitude is free from a projector thirty 38:13.010 --> 38:14.010 five for example. 38:14.720 --> 38:17.170 I need a moose a money around to do that and one project the 38:17.170 --> 38:21.090 sgt first. Well so abide protect the productions marches like it. 38:21.950 --> 38:24.950 The but to do that i've got a new some on your side you got a 38:24.950 --> 38:27.270 out much more flexible in the car or some they're likely to give 38:27.270 --> 38:30.080 us or reprogram the that hasn't yet to getting tour. 38:30.920 --> 38:33.980 Those are the ways we can do that can week we're doing what we 38:33.980 --> 38:37.430 can chris much and spear instructor that people are taking different 38:37.430 --> 38:39.400 approaches to try to manage their way through this. 38:40.280 --> 38:43.360 Issue Poland's got a prop wider target book money% russia. 38:43.880 --> 38:47.270 But what you can do is to for the delivery of some sums can component 38:47.270 --> 38:50.180 you can defer Spears. So you can try to keep the core program 38:50.180 --> 38:53.140 going you deferring a bill and you probably increasing of the 38:53.140 --> 38:56.100 or you do that so we're just fine as again manager way through 38:56.100 --> 38:58.670 thirteen right down to we get some clarity about where we're 38:58.670 --> 38:59.450 going on trial. 39:00.030 --> 39:02.440 So are billion money around is really very on. 39:03.170 --> 39:06.070 The hat bill addresses the biggest balding out there which is 39:06.070 --> 39:09.290 Ilan admit they'll see on amid doubts is brought on by the fact 39:09.290 --> 39:12.930 or operate under conji. Resolution is based on a flight twelve what's. 39:13.440 --> 39:15.930 And I nobody else can talk about that automatic gash will talk 39:15.930 --> 39:17.690 about that as well kristina. 39:18.440 --> 39:21.560 I am so when we would benefit from flexibility. But forty six 39:21.560 --> 39:25.370 million ours for six windups and it is gonna have a big impact 39:25.370 --> 39:26.020 on the report. 39:26.680 --> 39:28.990 I will have a big impact on industry is no question about that 39:28.990 --> 39:31.930 either and there's only so much we can do to make it to damage 39:32.230 --> 39:35.280 it now if you have to you if you have discretion had its earnings 39:35.280 --> 39:35.860 for change. 39:36.830 --> 39:39.850 Are they just days it will will make our just decisions about 39:39.850 --> 39:41.110 which programs to continue. 39:41.660 --> 39:44.470 We'll make ageist decisions about where we put money up for grabs 39:44.470 --> 39:45.360 or higher priorities. 39:45.980 --> 39:49.490 I and we all have to make some tough choices. 39:50.060 --> 39:51.990 About perhaps in terminations. 39:52.730 --> 39:55.120 I'd like to make some tough choices about. 39:56.510 --> 39:57.410 A new stars. 39:58.130 --> 40:01.580 And we all have to do some of these governor rush there. We will 40:01.580 --> 40:04.180 probably have to do at some point anyway want to get budgets. 40:04.260 --> 40:07.500 Yes dave what you were still hold political attrition will be 40:07.530 --> 40:10.140 will be reporter there will give to a more regional waddle. 40:10.540 --> 40:13.030 So at the moment we're trying to do that that's still our goal. 40:13.790 --> 40:16.260 I'd depending number suffice blue car which is when the give 40:16.260 --> 40:19.450 us will then go into a of motive looking at our prior reason 40:19.450 --> 40:22.190 for export their customs and then just with the brothers from 40:22.190 --> 40:25.210 pretty clear about digitize prior acer things that. 40:26.170 --> 40:30.110 Were articulating strategy. Yeah space cyber attack were offers 40:30.110 --> 40:31.090 a high very force. 40:31.610 --> 40:34.700 Programs are major investments are major week Appalachian aperture 40:34.700 --> 40:38.140 high priority force you want to protect those we're rekindle 40:38.140 --> 40:40.770 a some things a little that and not do any damage. We preferred 40:40.770 --> 40:43.940 to that probably in protecting strong going to rory wander away 40:43.940 --> 40:47.380 that we know we won't be the one of your the one coupon officially path. 40:47.880 --> 40:51.540 You know we we ten although we tried a layer programs to be execute 40:51.540 --> 40:53.920 his official is possible. So of its our D. 40:54.460 --> 40:57.000 We have a profile that makes sense will point to work and ask 40:57.000 --> 40:59.880 to be done if it's production try to get the rate up as much 40:59.880 --> 41:00.360 as we can. 41:01.070 --> 41:03.590 Together economic production. Right. So we have to go look at 41:03.590 --> 41:08.060 some choices it tried to avoid a additional damage there were 41:08.060 --> 41:11.340 weaker than the coral XP anonymous footballing that men just 41:11.340 --> 41:14.920 on MNA you talked about the exposure of the smaller companies 41:15.140 --> 41:18.460 in this environment so or you're advocating their acquisition 41:18.460 --> 41:21.630 by the larger guys at some point is this move up to the top tier 41:21.660 --> 41:23.450 like might we see a shift in strategy there. 41:24.530 --> 41:27.690 Well urging that critically. That's an artifact of the situation 41:27.690 --> 41:28.540 where that may happen. 41:29.350 --> 41:32.450 Some a larger people may look at their their key suppliers and 41:32.940 --> 41:35.720 and the side of the unwittingly keep that source of Nobles of 41:35.720 --> 41:36.280 the quark. 41:37.150 --> 41:39.110 That's not unusual practice ministry. 41:39.730 --> 41:43.370 That tends to dampen competition of the warlord. So we're not 41:43.370 --> 41:44.710 crazy about that because of their. 41:45.590 --> 41:48.740 When the reasons you might step there is if there's a key component 41:48.740 --> 41:50.640 we feel we really want to have a competitors rush. 41:51.260 --> 41:54.560 Off or are going for that multiple prime to access. 41:55.440 --> 41:59.780 Emanates a hub top level of to go to cari give a speech it to 41:59.880 --> 42:00.990 these two years ago. I guess. 42:01.520 --> 42:04.500 And which you talked about the department joy that are the top 42:04.500 --> 42:08.210 two years. We have bars much consolidation as as made sense for 42:08.210 --> 42:12.300 the cold war and we would not be for was closed for traditional polish. 42:12.390 --> 42:13.040 That's torture. 42:13.670 --> 42:16.590 Either maybe some repositioning on margin. I think right now 42:16.590 --> 42:19.650 they're many fronts on the internet and was can come and others. 42:19.940 --> 42:21.610 I think to some degree people kind of. 42:22.420 --> 42:25.430 In valuing their options. But durable than wait and see mode 42:25.430 --> 42:26.950 see what happens to the budget walls. 42:27.560 --> 42:30.380 And where their partner goes with I think is probably. Predictable. 42:34.460 --> 42:35.040 A fighter. 42:36.080 --> 42:39.240 For a The line on a on. 42:39.860 --> 42:40.650 And all. 42:41.480 --> 42:50.570 Alright. Of We're getting there that that has a Monthly. 42:51.440 --> 42:53.510 For the Wall. 42:54.170 --> 42:56.800 And the It's the. SEC. 42:59.030 --> 43:00.080 The or a year. 43:01.040 --> 43:03.260 A On. 43:04.430 --> 43:08.430 The other irish is still working so hard that I don't wanna be 43:08.430 --> 43:12.160 you give your glowing impressions before. We're committed to it. 43:12.200 --> 43:15.560 It's essential to our affronted volleys it really give a stomach 43:15.560 --> 43:17.150 for because a couple we are wanted. 43:17.850 --> 43:20.550 We got definition of all the program you get a softer it chris 43:20.550 --> 43:23.620 mention in response to really questions that we have not done 43:23.620 --> 43:27.240 a dogfight yet. We're not donate your air with this was aircraft 43:27.720 --> 43:31.060 of the pilot train is going on is really basic because of mission 43:31.060 --> 43:34.510 systems on the aircraft the this offer formerly really Arthur 43:34.510 --> 43:36.920 support more on that yet and we're still expended adjustable. 43:37.310 --> 43:39.750 So we're ways to go out were about nonetheless. I think of for 43:39.750 --> 43:42.740 it because of the way for the fighters for. You know and that 43:42.740 --> 43:45.160 year we are seeing things and some of these re things might for 43:45.160 --> 43:47.830 corporate you looked at over for your go. 43:48.520 --> 43:51.890 There were working for we got palms is all so I asia I don't 43:51.890 --> 43:54.920 want that. I was trying to give a balanced perspective again 43:54.920 --> 43:57.220 eight which said that while we're still in development while 43:57.220 --> 43:59.100 we still a designers are working through. 43:59.780 --> 44:02.550 Highways to level ways to go with all that we're still committed 44:02.550 --> 44:05.480 the program and think it's the right system for our services 44:05.480 --> 44:06.160 and or else. 44:06.800 --> 44:09.950 But the resulting do and of the reported to because I would you 44:09.950 --> 44:12.180 near GT that both of them apart reporters. 44:13.010 --> 44:16.410 I where where where those things were working on them all a and 44:16.410 --> 44:20.030 they're very stages in terms of the design process than the touch. Processed. 44:25.190 --> 44:26.300 Maybe I can now. 44:26.850 --> 44:30.350 Go back to sequester for a moment and they've been perhaps the 44:30.380 --> 44:32.860 question from the field here. But dumb. 44:33.470 --> 44:36.350 Since I don't want to try to ask you about the fiscal fourteen 44:36.350 --> 44:39.260 budget at this point to maybe we can look at it this way. 44:39.770 --> 44:43.450 If you have to take a ten% type across the board cut. 44:44.130 --> 44:47.860 We're within the invested accounts both are in the end on and 44:47.860 --> 44:51.780 in procurement with that do the most damage what kinds of programs 44:51.780 --> 44:53.330 maybe to be a little bit specific. 44:54.590 --> 44:55.640 Probably not. 44:56.480 --> 44:59.260 That that have a towards we protect. 44:59.840 --> 45:02.550 Our it I think you have to look torque or were very few poses 45:02.550 --> 45:05.190 a range of things you have to consider when you try to make that 45:05.190 --> 45:08.540 judgment as sort of collective process of their Carpenters together 45:09.010 --> 45:12.850 and I get ahead of a rose neighbors as doctor carter eve from heaven. 45:12.850 --> 45:13.790 Good inch duck-egg. 45:14.300 --> 45:16.080 A report from. 45:16.640 --> 45:20.390 The we we we set out a strategy which we think is cell. 45:21.050 --> 45:24.310 And we put together a budget mr. Things requiring their in their 45:24.310 --> 45:28.320 budget to support that strategy we still think that's the right strategy. 45:28.880 --> 45:31.830 Now our ability to support it depends upon the resources that 45:31.830 --> 45:33.060 we get flawlessly get. 45:33.650 --> 45:36.510 So what we would probably have to do what we would have to do 45:36.880 --> 45:39.950 if buddies conducted typically is for the first of all go read 45:39.950 --> 45:40.670 look at stroke. 45:41.370 --> 45:42.070 And once reef. 45:42.610 --> 45:44.080 And decide worried should regrets. 45:44.760 --> 45:47.660 And and those plays resuscitate risk. Then look at the problems 45:47.660 --> 45:50.690 of supporters are each so that's a sort of process that started 45:50.690 --> 45:54.300 basically with with the corpse with mission requirements response 45:54.300 --> 45:57.600 was an apartment a project a nation that works back at the end 45:57.600 --> 46:00.210 of the day which you want to lose its fizz classic way. 46:00.210 --> 46:04.070 Zins means you are the strategy which drives before structure 46:04.070 --> 46:07.490 largely which then drives officials particle but for structure 46:07.880 --> 46:10.330 and you are at the readiness to keep the for structure that you 46:10.330 --> 46:14.050 have prepared will you think you knew ripper and you are at their 46:14.050 --> 46:17.470 investments in the future. So that decades down the road one 46:17.470 --> 46:20.490 two or three or whatever you'll have a good you need to continue. 46:20.940 --> 46:24.260 So that's the balance we have to strike in mid it could isn't 46:24.260 --> 46:27.030 really first what would be pretty me do that today the small 46:27.030 --> 46:30.050 forward that's been done before we get there but that's the exercise 46:30.050 --> 46:33.110 we have to go for so we we thought we had a good pitcher of all 46:33.110 --> 46:35.500 that you know with the budget we spent last year. 46:36.030 --> 46:37.640 And we still think that's the right way to go up. 46:38.270 --> 46:41.330 If we have taken down sniff go from them return makes insurers 46:41.330 --> 46:44.630 decisions and not bunnymen international. Well for us. 46:46.440 --> 46:52.440 For. Thanks rob any about their red aviation week. You said the 46:52.440 --> 46:55.650 four and your public speeches that that you're not necessarily 46:55.650 --> 47:01.040 a full one believer in fixed price and it driving certain behaviors 47:01.070 --> 47:04.730 from contractors is that the case for the tanker contract which 47:04.730 --> 47:07.650 of course has been sort of their their postage Halifax prize 47:07.650 --> 47:11.020 contracting for their you dearly wanted to give Yoko's book and 47:11.020 --> 47:14.120 most about the first development try a lot of experience with 47:14.120 --> 47:15.350 the early nineties. 47:16.120 --> 47:19.590 Of there is we can't on a number of programs or we struggle to 47:19.590 --> 47:22.670 get a normal program stirred of all of the russian because we 47:22.670 --> 47:24.230 have fish first of all vehicles. 47:24.810 --> 47:29.060 A we don't do easy things from the default the new program the 47:29.060 --> 47:31.200 most part we try to get to risk out as much as we can. 47:31.840 --> 47:34.950 But at a major weapon systems a complicated thing and anything 47:34.950 --> 47:38.650 you do for the first time ever taken a hard time estimate that accurately. 47:39.290 --> 47:42.150 I in the history of art of on programs ever GE's. 47:42.150 --> 47:44.110 Remarkably Kasik size were Virginia. 47:45.500 --> 47:48.360 What I want to be a position to do when we do involvement is 47:48.360 --> 47:52.580 to work with industry modify records as we have to control costs 47:52.580 --> 47:55.940 by changing requirements and do the things that are the most 47:55.940 --> 47:57.620 essential on prior ties as we go. 47:58.190 --> 48:03.430 I he's in the Street of fish prices on every does have a a lot 48:03.430 --> 48:06.980 of some cases were in it makes sense involvement novelist are 48:06.980 --> 48:10.170 things that I play as people consider first of all is artery 48:10.170 --> 48:14.070 parts for the takers a good example all these things other promise 48:14.070 --> 48:17.370 for hard. We I one owns it we're going out explorers big old 48:17.370 --> 48:20.810 on june and other technologies and here and I I don't mean just 48:20.810 --> 48:24.020 the basic technologies but the integration risking engineering 48:24.020 --> 48:26.780 risk associate the product is are a lot of risk of doing the 48:26.780 --> 48:28.360 design one where the other. 48:28.970 --> 48:33.020 Casey it's to be card firm technologies a and People or in the 48:33.020 --> 48:36.650 business or going to do this to have the capability to move demonstrates 48:36.960 --> 48:39.810 through their prior performance that this type of art they can 48:39.810 --> 48:41.480 debt they can do with a predictable way. 48:42.470 --> 48:42.900 I can. 48:44.090 --> 48:47.660 They they resources by those people that hacker resource that 48:47.660 --> 48:50.340 if they do get in trouble that something unexpected happens. 48:50.640 --> 48:53.420 The need but a lot more money in to finish that because of their apartment. 48:53.950 --> 48:55.960 A that they have the resources to do that. 48:56.510 --> 48:58.610 And then finally there is a business case for them that it. 48:59.250 --> 49:01.810 That is gonna be in our production coming out of all the programs 49:01.810 --> 49:05.050 that make sense for them to test on money to finish a development 49:05.050 --> 49:08.310 they have to to get an abrupt the always brings that first of 49:08.310 --> 49:11.880 all that probably makes that if if you don't have any of those 49:11.880 --> 49:13.460 things you have to think about a very careful. 49:14.140 --> 49:16.900 So that's that's gonna worry among fish was about my repair provides 49:16.900 --> 49:18.610 a true sleep but up to the workforce. 49:19.590 --> 49:22.870 So I'm I'm for it but I think we have to do it a which are a 49:22.870 --> 49:23.310 lot of. 49:24.050 --> 49:26.620 Side of caution for goldman particular. 49:27.380 --> 49:29.590 There are three things going up an average price to what the 49:29.590 --> 49:33.060 contract the photographer or collapse. He can put his money and 49:33.060 --> 49:36.920 fisher contract you can stop and say sorry I didn't do it to 49:36.920 --> 49:38.040 me until much you can get. 49:38.570 --> 49:40.720 Very can say was your fault be nice approach. 49:41.770 --> 49:45.040 Most contractors will offer options to three beef will do option. 49:45.040 --> 49:48.150 What if given that most less again there's a business cases to 49:48.150 --> 49:49.090 just a vision people. 49:49.700 --> 49:52.650 And I that i've had to break difficult experiences were saying 49:52.980 --> 49:56.240 that the classic example is the a twelve which is twenty years 49:56.240 --> 50:00.010 ago now still in court now we're still fighting over that. 50:00.770 --> 50:04.100 I'd do it hasn't been resolved spike of the year story this records 50:04.100 --> 50:07.620 on there was a classic example of the Gorman in that case setting 50:07.620 --> 50:11.310 very unrealistic expectations and intra-day I have had people 50:11.310 --> 50:13.920 come in so that we'll use tree is not so they want that. 50:14.990 --> 50:18.320 Mckinstry will the if there's a cargo to be here generally speaking 50:18.350 --> 50:21.590 about the the prefer about that but give me out this wasn't the 50:21.590 --> 50:22.950 the job was huge program. 50:23.630 --> 50:27.430 Up to a long-term revenue stream of yell happen in that case 50:27.430 --> 50:28.860 by the way to nurse a look back at that. 50:29.390 --> 50:31.830 Some the something's wrong that requirements were reasonably 50:31.830 --> 50:34.220 firm although turned out that some every are to meet. 50:34.820 --> 50:38.240 A week resulting in huge efforts to reduce the way the program. 50:38.980 --> 50:40.140 Bush led increase the cost. 50:41.120 --> 50:44.460 Conductor's were a were probably we're very get acquisition strategy. 50:45.200 --> 50:47.270 The kinder because probably have umaga muddy. 50:47.830 --> 50:49.440 Resources that they can of kept going. 50:50.140 --> 50:53.120 But the business case start to go away. We cut the majority crunched 50:53.120 --> 50:56.480 down substantially. So they're looking at that clusters of modern 50:56.480 --> 50:58.810 times gonna take you get your money back to which is a factor 50:58.810 --> 51:00.720 for in schuman which are tremendous. 51:01.640 --> 51:04.440 To so that was one example moment a budget that that collared 51:04.440 --> 51:07.650 might interestingly there are cycles in that position right the 51:08.130 --> 51:11.110 that dot the secretary of the time is eyeing don out when people 51:11.110 --> 51:14.590 out of around it's that we will never to exposed. We'll get you 51:14.650 --> 51:17.200 that was twenty years ago on people completely forgot that now 51:17.230 --> 51:18.740 that for a while they're restrict fat. 51:19.340 --> 51:22.310 I ever more I think a balanced approach to the tour cases where 51:22.310 --> 51:26.260 make sense of but in many cases the pitted dirt. It is not it 51:26.260 --> 51:28.740 doesn't get us a better result you also have to remember that 51:28.840 --> 51:31.990 development is only temper shower cost more torpor GE. 51:32.250 --> 51:34.840 That's not where the money for some reason production. Sure what 51:34.840 --> 51:37.530 the person doing in the balkans doing a good job to get both 51:37.530 --> 51:40.370 the production down and the systemic pasta which is where the 51:40.370 --> 51:43.220 real Marty actually a city you're not a right there so much for. 51:44.180 --> 51:47.750 I think I'm going aq that I should stop parking sara. I have 51:47.750 --> 51:49.510 all that for years. I have. 51:50.480 --> 51:53.360 Only one warrior why Colorado to you. 51:54.170 --> 51:56.600 Okay all of our curvature salons. Thank you..