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U.S. agency rejects Boeing protest of Northrop bomber contract
Source: Reuters
Business | Tue Feb 16, 2016 2:23pm EST
U.S. agency rejects Boeing protest of Northrop bomber contract
WASHINGTON | BY ANDREA SHALAL
A U.S. government agency on Tuesday rejected a protest filed by Boeing Co (BA.N) and Lockheed Martin Corp (LMT.N) against a multibillion-dollar bomber contract awarded to Northrop Grumman Corp (NOC.N) by the U.S. Air Force in October.
The decision by the U.S. Government Accountability Office marked another setback for Boeing, which is facing job cuts in its commercial division and a reported federal investigation into whether it properly accounted for two jetliners, the 747 and 787.
Ralph White, GAO's managing associate general counsel for procurement law, said the GAO found no basis to sustain or uphold the protest against the Northrop contract, which analysts value at over $80 billion.
The U.S. Air Force's technical evaluation of the rival bids and their cost was "reasonable, consistent with the terms of the solicitation, and in accordance with procurement laws and regulations," White said.Boeing said it would carefully review the GAO's decision and decide on next steps in the coming days. Boeing can still challenge the Northrop contract in federal court.
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Northrop said it looked forward to resuming work on the new warplanes, which will replace the aging fleet of B-1 and B-52 bombers. The contract win reestablished Northrop as one of the Pentagon's big prime contractors for U.S. warplanes.
[font size=1]-snip-[/font]
U.S. agency rejects Boeing protest of Northrop bomber contract
WASHINGTON | BY ANDREA SHALAL
A U.S. government agency on Tuesday rejected a protest filed by Boeing Co (BA.N) and Lockheed Martin Corp (LMT.N) against a multibillion-dollar bomber contract awarded to Northrop Grumman Corp (NOC.N) by the U.S. Air Force in October.
The decision by the U.S. Government Accountability Office marked another setback for Boeing, which is facing job cuts in its commercial division and a reported federal investigation into whether it properly accounted for two jetliners, the 747 and 787.
Ralph White, GAO's managing associate general counsel for procurement law, said the GAO found no basis to sustain or uphold the protest against the Northrop contract, which analysts value at over $80 billion.
The U.S. Air Force's technical evaluation of the rival bids and their cost was "reasonable, consistent with the terms of the solicitation, and in accordance with procurement laws and regulations," White said.Boeing said it would carefully review the GAO's decision and decide on next steps in the coming days. Boeing can still challenge the Northrop contract in federal court.
[font size=1]-snip-[/font]
Northrop said it looked forward to resuming work on the new warplanes, which will replace the aging fleet of B-1 and B-52 bombers. The contract win reestablished Northrop as one of the Pentagon's big prime contractors for U.S. warplanes.
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Read more: http://www.reuters.com/article/us-boeing-northrop-bomber-protest-idUSKCN0VP29D
