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278 points Michelangelo11 | 6 comments | | HN request time: 0s | source | bottom
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MaxPock ◴[] No.45038469[source]
Who eats the loss under such circumstances?

Government or Lockheed Martin or are these 200 million dollar jets insured ?

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1. zrail ◴[] No.45038547[source]
Ultimately the US taxpayers will eat the loss in either case. If the government tried to charge it back to Lockheed Martin they'd just raise the price on subsequent programs to compensate.

The government does insure weapons of war. Who would write the policy?

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2. bedane ◴[] No.45038585[source]
is insurance for military equipment a thing? I had no idea.

If you have very deep pockets like a nation has, why not simply replace the lost hardware and never insure/pay premiums(which would be calculated to net a profit to the insurer)?

replies(1): >>45042824 #
3. varispeed ◴[] No.45038609[source]
Usually wars, vis major are exceptions in insurance policies.
replies(1): >>45039402 #
4. analog31 ◴[] No.45039402[source]
... as is farce majeur.
5. zrail ◴[] No.45042824[source]
ugh I meant "does _not_" that's what I get for posting while eating breakfast.
6. zrail ◴[] No.45042826[source]
late edit: "does _not_ insure weapons of war"