Download or read book Defense Industry Restructuring Cost and Savings Issues written by and published by . This book was released on 1997 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report discusses the General Accounting Office's work on the costs and savings associated with defense industry restructuring. The issue of whether the Department of Defense (DOD) should be paying defense companies for restructuring costs associated with acquisitions and mergers has been a controversial one-and one that is not well understood. Provided is a brief overview of DOD's decision to pay restructuring costs; the process DOD uses to ensure that paying restructuring costs is in the government's best interest, and the amount and nature of costs that DOD has paid and estimates of savings it has realized.

Download or read book Defense Industry Restructuring written by David E. Cooper and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Defense Industry Restructuring written by David E. Cooper and published by . This book was released on 1997 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Defense Industry Restructuring written by United States. General Accounting Office and published by . This book was released on 1997 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Defense Industry Restructuring written by United States. General Accounting Office. National Security and International Affairs Division and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Defense Industry Restructuring Clarification Of Cost And Savings Issues 158846 B 277249 U S GAO June 17 1997 written by United States. General Accounting Office and published by . This book was released on 1998* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Nsiad 99 22 Defense Industry written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-02-09 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: NSIAD-99-22 Defense Industry: Restructuring Costs Paid, Savings Realized, and Means to Ensure Benefits

Download or read book Defense Industry Restructuring Updated Cost and Savings Information written by and published by . This book was released on 1998 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: In July 1993, DOD changed a long-standing practice and permitted defense contractors to charge restructuring costs to transferred flexibly priced contracts, provided (1) the restructuring costs were allowable under the Federal Acquisition Regulation and (2) a DOD contracting officer determined the business combination would result in overall reduced costs to DOD or preserve a critical defense capability. Concerns over the payment of such costs led Congress to pass legislation requiring that certain conditions be met before DOD reimbursed defense contractors for restructuring-related expenses. The legislation required, in part, that a senior DOD official certify that projections of restructuring savings are based on audited cost data; DOD'S share of projected savings exceeds allowed costs; and the Secretary of Defense reports to Congress On DOD'S experience with defense contractor business combinations, including whether savings associated with each restructuring actually exceed restructuring costs. The Secretary of Defense is currently required by 10 U.S.C. 2325 to determine in writing that the savings will be at least twice the amount of allowed costs or that projected savings will exceed costs allowed and that the combination will result in the preservation of a critical capability.

Download or read book Defense Industry Restructuring Costs Paid Savings Realized and Means to Ensure Benefits written by and published by . This book was released on 1998 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: To encourage defense contractor consolidations, DOD announced in July 1993 that it would pay for restructuring costs on transferred flexibly priced contracts, provided that (1) the restructuring costs were allowable under the Federal Acquisition Regulation and (2) a DOD contracting officer determined that the business combination was expected to result in overall reduced costs to DOD or preserve a critical defense capability. Concerns over the payment of restructuring costs led Congress in 1994 to pass Public Law 103-337, which required a senior DOD official to certify that projections of restructuring savings were based on audited cost data and that the projected savings should result in overall reduced costs to DOD.

Download or read book Defense Industry Restructuring written by and published by . This book was released on 1998 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Nsiad 98 156 Defense Industry Restructuring written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-02-07 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: NSIAD-98-156 Defense Industry Restructuring: Updated Cost and Savings Information

Download or read book Defense Industry Restructuring written by and published by . This book was released on 1998 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Defense Industry Restructuring Updated Cost And Savings Information 160258 B 279390 2 U S GAO April 30 1998 written by United States. General Accounting Office and published by . This book was released on 1999* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book DOD Policy on Defense Industry Mergers Acquisitions and Restructuring written by United States. Congress. House. Committee on Armed Services. Oversight and Investigations Subcommittee and published by . This book was released on 1995 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Defense Restructuring Costs written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-12 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Defense Restructuring Costs: Projected and Actual Savings From Martin Marietta Acquisition of GE Aerospace

Download or read book Defense Industry Consolidation Issues Related to Acquisition and Merger Restructuring Costs written by and published by . This book was released on 1994 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document discusses the allowability of restructuring costs incident to mergers and acquisitions. The pace of consolidation of the U.S. defense industry has increased sharply this year. In the 16 months between August 1992 and December 1993, the industry experienced 4 large mergers and acquisitions; but, since only the beginning of this year, the industry has seen 5 major combinations of business firms. This dramatic reshaping of the industry involves extraordinarily complex transactions with potentially significant cost, benefit, and risk implications for corporate bottom lines, taxpayer expenditures, and national security capabilities. Therefore, the issues surrounding the allowability of restructuring costs incident to mergers and acquisitions are important and deserve careful consideration and deliberation. Allowing restructuring costs incident to a merger or acquisition is a powerful incentive for defense firms to right-size for the current market. The allowability of costs incurred in performing a government contract is governed by the Federal Acquisition Regulation (FAR). Although there is no cost principle on restructuring costs, the FAR provides specific coverage on some costs incident to a merger or acquisition. For example, organization costs--such as brokers or attorney fees--are unallowable. Likewise, an acquiring company may not include in its overhead accounts amounts for depreciation of acquired assets in excess of the amounts that would have been allowed had the combination not occurred.

Download or read book Defense Contractor Restructuring written by United States Accounting Office (GAO) and published by Createspace Independent Publishing Platform. This book was released on 2018-06-11 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Defense Contractor Restructuring: First Application of Cost and Savings Regulations