Your Survival Guy

Preparing your investments and family for when disaster strikes.

Disclosure

F-35 Fleet Grounded after Crash

By

(U.S. Air Force photo/Samuel King Jr.)

It was a mistake cancelling the twin engine F-22 program. The funds had been sunk so to speak. And then it was cancelled in the ninth inning. Talk to any pilot and he’ll tell you two engines are better than one.

Now, the inferior single-engine F-35 is grounded because of another problem with its balky engine. Not good if you have only one of them.

The F-35 program has never really gotten off the ground. It’s been pushed. It’s been forced. Here’s a thought. If Jeff Bezos has figured out a way to sell rockets to the Air Force, let’s open the F-35 engine to real market competition. It would be a great way forward for the F-35 instead of the politicized process we have now. The WSJ reports:

The Pentagon on Thursday said much of the global fleet of Lockheed Martin Corp. F-35 combat jets was temporarily grounded to investigate engine problems that may have caused a Marine Corps plane crash last month.

Officials said the fleet of about 320 jets would undergo inspections over the next 48 hours to check fuel tubes in engines that are made by Pratt & Whitney, a unit of United Technologies Corp.

The suspect tubes may be installed on around half of the global fleet, limited to planes made before 2016, according to people familiar with the F-35’s production process. Some aircraft have already been inspected and have resumed flying.

“If suspect fuel tubes are installed, the part will be removed and replaced,” said the F-35 Joint Program Office, which oversees the purchase and operation of the planes.

The Pentagon in recent months has said parts shortages and a backlog of maintenance work have left almost half of the U.S. fleet of F-35 unable to fly on any given day. However, there is sufficient inventory of the fuel pipes and production capacity to boost stocks, according to people familiar with the situation.

Read more here.

The following two tabs change content below.
My Twitter profileMy Facebook profileMy Instagram profile

E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com