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

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.

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Document Details

Document Type
Technical Report
Publication Date
Sep 05, 1996
Accession Number
AD1166508

Entities

People

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

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  • United States Government Accountability Office

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  • Space

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  • Space