NASA’s inspector general report roasts Lockheed Martin for Orion fees
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NASA’s inspector general report roasts Lockheed Martin for Orion fees
From Ars Technica:
"Since NASA awarded its first contract on Orion in August 2006, the report says NASA has spent $16.7 billion for development of Orion, or about $1.1 billion annually. NASA has paid the lion's share of those funds to Lockheed Martin, the prime contractor for development of the Orion capsule. ...
Most of the awards to Lockheed were conducted under a "cost-plus" contract structure, in which NASA is required to reimburse Lockheed for all allowable costs and, in addition, pay applicable award and incentive fees. Despite significant cost increases and schedule delays, Lockheed received nearly all available award fees, the report found. Those award fees struck NASA Inspector General Paul Martin as excessive."
https://arstechnica.com/science/2020/07 ... rion-fees/
Emphasis above is mine.
smp
"Since NASA awarded its first contract on Orion in August 2006, the report says NASA has spent $16.7 billion for development of Orion, or about $1.1 billion annually. NASA has paid the lion's share of those funds to Lockheed Martin, the prime contractor for development of the Orion capsule. ...
Most of the awards to Lockheed were conducted under a "cost-plus" contract structure, in which NASA is required to reimburse Lockheed for all allowable costs and, in addition, pay applicable award and incentive fees. Despite significant cost increases and schedule delays, Lockheed received nearly all available award fees, the report found. Those award fees struck NASA Inspector General Paul Martin as excessive."
https://arstechnica.com/science/2020/07 ... rion-fees/
Emphasis above is mine.
smp
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Re: NASA’s inspector general report roasts Lockheed Martin for Orion fees
Geez.
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Re: NASA’s inspector general report roasts Lockheed Martin for Orion fees
They should have been reined in years ago along with Boeing over the ridiculous amounts being spent compared to work produced.
This is not new in this case either, typical bureaucracy at its finest.
This is not new in this case either, typical bureaucracy at its finest.
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Re: NASA’s inspector general report roasts Lockheed Martin for Orion fees
Space X has poached all of the best people. Who wants to work at Boeing or Lockheed on a salary when you can get shares in a start-up which likely one day will be worth $$$? Plus, you still get a competitive salary. That, and the lack of bureaucracy at Space X.
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