B-134707, JUN. 30, 1960
Highlights
INC.: REFERENCE IS MADE TO YOUR LETTER OF MAY 23. IT WAS INDICATED THAT THEY HAD BEEN OVERSTATED BY THE APPROXIMATE SUMS OF $72. ENCLOSED ARE COPIES OF OUR DECISIONS OF TODAY TO THE SECRETARIES OF THE NAVY AND THE AIR FORCE RELATIVE TO THE MATTER.
B-134707, JUN. 30, 1960
TO MR. C. R. SMITH, VICE PRESIDENT, WESTERN ELECTRIC COMPANY, INC.:
REFERENCE IS MADE TO YOUR LETTER OF MAY 23, 1960, RELATIVE TO THE CLAIMS OF YOUR COMPANY IN THE ORIGINAL AMOUNTS OF $191,455 AND $624,585, REPRESENTING ALLEGEDLY UNDERRECOVERED OVERHEAD EXPENSES INCURRED DURING PERIODS PRIOR TO THE YEAR 1956 IN THE PERFORMANCE OF COST-PLUS-A-FIXED-FEE CONTRACTS WITH THE GOVERNMENT. IN CONNECTION WITH OUR REVIEW OF THE CLAIMS, IT WAS INDICATED THAT THEY HAD BEEN OVERSTATED BY THE APPROXIMATE SUMS OF $72,222 AND $49,700, AND YOUR LETTER STATES, IN EFFECT, THAT THE COMPANY AGREES TO REDUCE ITS CLAIMS BY SUCH AMOUNTS, OR TO THE SUMS OF $119,233 AND $574,885.
ENCLOSED ARE COPIES OF OUR DECISIONS OF TODAY TO THE SECRETARIES OF THE NAVY AND THE AIR FORCE RELATIVE TO THE MATTER.