Northrop Wins Appeal Of $74M Bill For Exec Pension Plan

Law360 (October 20, 2020, 10:13 PM EDT) -- The Armed Services Board of Contract Appeals has sided with Northrop Grumman and found that the company's $74 million bill to settle costs related to an executive retirement plan was calculated correctly, rejecting the government's objections.

The board's decision turned the page on a dispute between the Defense Contract Management Agency and the defense technology company dating back to 2014 over the contractor's management of its Officers Supplemental Executive Retirement Plan. Administrative Judge J. Reid Prouty described the OSERP as a "particularly generous pension plan for senior management" in the panel decision released Monday.

Since cost-reimbursement contracts with the government factor...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!