McDonnell Douglas has been awarded a $62.1 million C-17 program contract to cover rate changes resulting from the company's merger with Boeing, the Defense Department announced today. "This adjustment incorporates a partial settlement and payment of (fiscal year 1999 and FY-00) impacts resulting from rate changes in areas such as overhead expenses, general and administrative expenses, including corporate allocations, and direct labor rates," the announcement states. The deal also covers credit for the company's restructuring of performance-based payments and government-furnished...
