Accession Number:

AD1166508

Title:

Defense Restructuring Costs: Projected and Actual Savings From Martin-Marietta Acquisition of GE Aerospace

Descriptive Note:

[Technical Report, Congressional Report]

Corporate Author:

General Accounting Office

Personal Author(s):

• Cooper, David E
• Harper, John K.
• ,
• Burdette, George C.
• Keisling, Stacey E.

Report Date:

1996-09-05

Pagination or Media Count:

13

Abstract:

Section 818 of the National Defense Authorization Act for Fiscal Year 1995P.L. 103-337 restricts Department of Defense DOD payments of restructuring costs associated with defense contractor business combinations. Specifically, it prohibits the payment of restructuring costs until a senior DOD official certifies in writing that projected savings from the restructuring are based on audited data and should result in overall reduced costs to DOD. In response to section 818, DOD issued interim regulations, effective December 29, 1994, on the allowability of restructuring costs.

Descriptors:

• national security
• commerce
• department of defense
• governments
• acquisition
• contracts
• united states
• congress
• contractors
• accounting
• agreements
• corporations
• electronic mail
• performance tests
• procurement
• regulations
• costs

Subject Categories:

• Administration and Management
• Economics and Cost Analysis

Distribution Statement:

[A, Approved For Public Release]