FOREIGN MILITARY SALES

DOD Should Take Additional Steps to Streamline Process for Assessing Potential Recovery of Certain Acquisition Costs

Business & Finance, Accounting, Governmental
Cover of the book FOREIGN MILITARY SALES by Hugues Dumont, Hugues DUMONT
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Author: Hugues Dumont ISBN: 1230002138374
Publisher: Hugues DUMONT Publication: February 3, 2018
Imprint: Language: English
Author: Hugues Dumont
ISBN: 1230002138374
Publisher: Hugues DUMONT
Publication: February 3, 2018
Imprint:
Language: English

Under the Arms Export Control Act and its implementing regulations, DOD is required to recover nonrecurring costs—unique one-time program-wide expenditures—for certain major defense equipment sold under the FMS program. These costs include research, development, and one-time production costs, such as expenses for testing equipment. The Act also permits those costs to be waived under certain circumstances, such as to standardize equipment with select allies or to avoid a loss of sale...

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Under the Arms Export Control Act and its implementing regulations, DOD is required to recover nonrecurring costs—unique one-time program-wide expenditures—for certain major defense equipment sold under the FMS program. These costs include research, development, and one-time production costs, such as expenses for testing equipment. The Act also permits those costs to be waived under certain circumstances, such as to standardize equipment with select allies or to avoid a loss of sale...

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