Financial and Legal Implications of Iran's Cancellation of Arms Purchase Agreements
FGMSD-79-47
Published: Jul 25, 1979. Publicly Released: Jul 30, 1979.
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Highlights
Questions were raised by members of Congress concerning the recent cancellation of foreign military sales contracts by the Iranian government, the legal requirements of the foreign military sales program, and the fiscal responsibility and liability of the United States for cancelled contracts. The report responds to these questions and provides financial information from the accounting records of the Department of Defense (DOD) concerning the sales program.
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Topics
Contract terminationDebt collectionForeign military salesForeign military sales agreementsGovernment liability (legal)Weapons industryMilitary forcesTermination costsFinancial managementProcurement