Loading ...Won’t really be a huge negative for our company as the costs are passed through to the customer. OTOH, they may start to delay purchases because of rising costs that they haven’t previously budgeted for.
Mostly it’s just arm wrestling over who absorbs the additional costs on existing orders. On the gov’t side we generally have an escalation clause for material. The bigger battle is with commercial customers that although we still have the clause, they still don’t want to pay more.
Regardless, our sales are off the charts, we’ve booked more business in the first four months than we ever have in an entire year in the history of the company. Our problem is trying to find enough qualified manpower.