Boeing Launches $260M Suit Over Space Vehicle Contracts

Law360, New York (June 15, 2012, 8:13 PM EDT) -- An accounting dispute warped into a nine-figure court battle Thursday as The Boeing Co. slapped the federal government with a $260 million lawsuit over expenses related to launch vehicles used to deliver payloads into space.

The controversy stems from the Evolved Expendable Launch Vehicle program, which the U.S. Air Force initiated in the mid-1990s as a way of guaranteeing space access for NASA, the Department of Defense and other agencies.

According to Boeing, Uncle Sam is reneging on obligations to reimburse the firm for huge costs...
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