ABU DHABI / GULF TIME Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, …
Read More »Trump’s Air Force One deal pains the Pentagon, not just Boeing
Bloomberg The fixed-price contract for the new Air Force One that Donald Trump talked Boeing Co. into signing hasn’t just caused the $1.5 billion in cumulative losses so far that the company’s CEO has lamented. It has also created headaches for the Air Force. Under a fixed-price agreement, a company’s incentive is to “finish and minimise costs†while the Pentagon …
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