Good afternoon,
I'm curious to know if anyone on the forum has any further insight on this Washington Post article from 1984 about "excess profit" on a Firm-Fixed Price contract between the U.S. Air Force and Lockheed Martin Corporation?
Specifically, what was the outcome?
I have heard the outcome was that LMC had to negotiate a lower profit margin or something to that effect, and the it may have ended up at the CoFC, but have not found anything to support that claim.
Also for reference it appears this contract (or contracts) was pre-FAR, as FAR was effective April 1, 1984.
Thank you.