Monday March 16, 2015
Auditors question whether the F 35 will ever fly. Lockheed Martin claims to have fixed problems but some software will not be operational until 2022.
Airplanes in particular are famous for cost over runs. This is a more outstanding example than most.
This is what is meant by control in the managerial accounting literature. One over sees what is happening. but it looks like this story will not have a happy ending.
Professor Elam 
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