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Old 01-19-2011, 09:59 AM
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finnbow finnbow is offline
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Returning to the theme of wasteful spending on defense contracts, Boeing and General Dynamics want to collect $1.35 billion (plus interest) on a contract to built 8 planes for $4.4 billion that they never delivered because the contract was terminated for default.

http://www.washingtonpost.com/wp-dyn...1806515_2.html

So the Navy doesn't get its planes, but needs to pay $3 billion anyway? Some very interesting contracting going on there.
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