Quote:
Originally Posted by finnbow
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. |
From the article: "The companies said the delay was the Navy's fault, because it had not shared the stealth technology that was essential to completing the mission. Lower courts said the companies could not "safely" litigate the case, though, because of the government's claim that it could not provide needed information without endangering national security. "
Who's on first?