One of the more insane things about the aerospace industry is the habit of price escalation clauses in long term contracts. The norm is to expect costs to rise faster than inflation.

It's like planning to gradually suck a little bit more every year.

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Price and cost are different things, often confused.

Cost is what it takes to make something. Price is what it sells for—at a point in time. When supplies are low, costs can be low but prices high. Confuse these concepts—and you’ll miss many opportunities