Boeing, GD fight repayment

A federal court issued a stay Dec. 10, prohibiting the Pentagon from withholding payments on government contracts worth $2.3 billion to the Boeing Co. and General Dynamics Corp.

The two companies had requested a stay after the Defense Department announced that the Defense Finance and Accounting Office would begin offsetting payments on existing contracts against the disputed money. The dispute arose from the 1991 termination of the A-12 stealth attack aircraft contract.

"In reaching this decision, the court noted that collection of monies would not be in the national interest, particularly at this time," General Dynamics officials said. "The court added that the issues on appeal are substantial, and the appeals court will want to closely examine a number of these issues."

The Court of Appeals is scheduled to hear arguments in the case Jan. 9, 2003, with a decision expected later in 2003.

 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close

Trending

  • POWER TRAINING: How to engage your customers

    Don't miss our June 7 Washington Technology Power Training session on Mastering Stakeholder Engagement, where you'll learned the critical skills you need to more fully connect with your customers and win more business. Read More

  • PROJECT 38 PODCAST

    In our latest Project 38 Podcast, editor Nick Wakeman and senior staff writer Ross Wilkers discuss the major news events so far in 2019 and what major trends are on the horizon. Read More

contracts DB

Washington Technology Daily

Sign up for our newsletter.

Terms and Privacy Policy consent

I agree to this site's Privacy Policy.