Defense Industry: Restructuring Costs Paid, Savings Realized, and Means to Ensure Benefits
NSIAD-99-22
Published: Dec 01, 1998. Publicly Released: Dec 01, 1998.
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Highlights
Pursuant to a legislative requirement, GAO provided information on: (1) the six business combinations for which the Department of Defense (DOD), as of September 30, 1998, had certified that the projected restructuring savings should exceed associated restructuring costs; and (2) on a seventh combination, Hughes Aircraft Company's acquisition of General Dynamics' missile operations.
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Topics
Contract costsCorporate mergersDefense cost controlDefense economic analysisDefense procurementDepartment of Defense contractorsReductions in forceContracting officersNational securityDefense contractor restructuring