McCord: CR will force big penalty payments to Boeing for breaking tanker contract

By Tony Bertuca / November 17, 2016 at 5:19 PM
Pentagon Comptroller Mike McCord said Thursday the Defense Department would have to pay Boeing “hundreds of millions of dollars” in penalty payments for breaching the KC-46 tanker contract should Congress pass a stopgap spending measure, or continuing resolution, that does not expire until March. “We have a contractual understanding with Boeing that we're going to buy more tankers this year than we did last year, but we're unable to [that] fulfill because we're in a CR, which prohibits us from...

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