Bell Flying Service, Incorporated, defaulted on several contracts to provide flight training instruction to the Air Force. GAO commented on how the funds from that contract should be distributed...

TO THE SECRETARY OF THE AIR FORCE: REFERENCE IS MADE TO THE LETTER OF MAY 8. IT IS REPORTED THAT THERE ARE THREE CLAIMANTS TO THESE FUNDS. IT THEREFORE IS IMPOSSIBLE TO DETERMINE AT THIS TIME EXACTLY HOW MUCH THE AIR FORCE WILL INCUR IN EXCESS REPROCUREMENT COSTS. IT IS STATED THAT FROM INFORMATION GATHERED SO FAR IT APPEARS CLEAR THAT THESE COSTS WILL EXCEED THE $86. IT IS FURTHER REPORTED THAT I...