Boeing, General Dynamics Settle Decades-Old A-12 Dispute
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Boeing Co. and General Dynamics Corp. agreed to provide $400 million in goods and services to the U.S. to settle a 23-year-old dispute over a canceled multibillion-dollar contract for the A-12 stealth aircraft.
The U.S. won’t pay any money in connection with the companies’ claims against the government, according to a U.S. Justice Department statement today. The proposed settlement will strengthen “the Navy’s capabilities and capacities,” Ray Mabus, secretary of the Navy, said in the statement.