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Late last week the US DOD has approved the next Low Rate Initial...

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    Late last week the US DOD has approved the next Low Rate Initial Production Order of 94 JSF with a contract value of $920 million. This is expected to be completed by May 2019.

    Would be safe to assume that orders will flow on to suppliers (QHL) over the next six months as a result of this announcement.

    The next major defence contract to be awarded from the US DOD is the new Long Range Strike Bomber (LRSB) which is to replace the B2 Bombers. Announcement expected by early August 2015.

    This contract calls for the production of 80 to 100 aircraft at an approximate cost of $550 million each.
    So doing you calculations, this contract will be the next largest after the JSF program.

    Now for the main point. This contract is being tendered by Northrop Grumman and Boeing/Lockheed Martin (joint venture). Lockheed Martin is only providing technical support to Boeing - being the Primary Contractor in this venture.

    So the consensus is that this contract will be either awarded to Northrup Grumman OR Boeing.

    Hopefully the former will be awarded the LRSB contract, which may result in further services required for QHL.

    May be all part of the forecast production expansion now being considered in the next six (6) to eighteen (18) month period.
 
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