Defense Restructuring Costs: Projected and Actual Savings From Martin-Marietta Acquisition of GE Aerospace
[Technical Report, Congressional Report]
General Accounting Office
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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.
- Administration and Management
- Economics and Cost Analysis