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Accession Number:

AD1166508

Title:

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

Author(s):

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

Author Organization(s):

• General Accounting Office

Report Date:

1996-09-05

Abstract:

Section 818 of the National Defense Authorization Act for Fiscal Year 1995(P.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.

Document Type:

Conference:

Journal:

Pages:

13

File Size:

0.18MB

Contracts:

Grants:

Descriptors:

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

Identifiers:

• Martin Marietta Corporation
• dcmc(Defense Contract Management Command)
• dcaa(Defense Contract Audit Agency)

SubjectCategory:

• Behavioral and Social Sciences
• Behavioral and Social Sciences

Communities of Interest:

• Space

Distribution Statement:

Approved For Public Release

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