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Contract Pricing: Material Prices Overstated on T-56 Engine Contracts

NSIAD-86-156 Published: Aug 26, 1986. Publicly Released: Aug 26, 1986.
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Highlights

GAO reviewed six Air Force T-56 aircraft engine contracts to determine if the contract prices were fair and reasonable, specifically whether the contractor provided accurate, complete, and current cost or pricing data.

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Topics

Air Force procurementAircraft enginesContract costsCosting errorsNegotiated procurementOverpaymentsPrice adjustmentsRefunds to governmentMilitary forcesForeign exchange rates