Obama Floats In-Kind Deal In Boeing Aircraft Contract Row

Law360, New York (May 23, 2013, 6:52 PM EDT) -- President Barack Obama has asked Congress to authorize the secretary of the Navy to receive payment in-kind for the settlement of a decadeslong legal fight with Boeing Co. and General Dynamics Corp. over a $4.8 billion aircraft contract.

The dispute stems from the contract awarded to McDonnell Douglas — now part of Boeing — and General Dynamics in 1988 for the design and manufacture of the A-12 Avenger, a state-of-the-art carrier-based stealth attack aircraft. The government terminated the contract in 1991, citing a lack of confidence...
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