Raytheon Escapes $17M Overbilling Claim On Missile Contract

Law360, New York (February 26, 2013, 9:18 PM EST) -- A contractor appeals board on Tuesday ruled the U.S. government had moved too slowly to pursue a $17 million contract claim against Raytheon Missile Systems, rejecting several arguments that would have extended the Contract Disputes Act's six-year statute of limitations.

The Armed Services Board of Contract Appeals denied the government's attempt to collect allegedly overbilled overhead costs, ruling that the government had not shown that its claims were timely.

Raytheon's alleged overbilling was “perfectly knowable” in 1999, when the contractor submitted its costs, the board ruled....
To view the full article, register now.