Joint Strike Fighter..

Well a lot of water has gone under the bridge since I posted the above. However, FRX's order book and product diversity still greatly appeal to me together with its very low rating given the present scene. Its products remainr as essential as ever and the weakened industrial environment will hurt others more. FRX has both focus and critical mass. As part of a pre-year end exercise I took some profits, reduced my stake and will now hold the retained balance (not immaterial) for the long term. Projects like the JSF will not hurt this one, as quality will remain crucial in the supply chain for the sorts of products in which it majors. The rebound could be quicker than I presently expect.