Contract Pricing: Material Prices Overstated on Ground/Vehicular Laser Locator Designators

摘要

The General Accounting Office completed a review of the pricing of a contract and a contract modification awarded to Hughes Aircraft Company, El Segundo, California, for Ground/Vehicular Laser Locator Designators (G/VLLDS), by the U.S. Army Missile Command (MICOM). The objective was to determine whether Hughes complied with the Truth in Negotiations Act (Public Law 87-653) in providing accurate, complete, and current cost or pricing data and whether fair and reasonable prices were negotiated by the contracting officer.