{"id":1980,"date":"2017-08-07T21:11:04","date_gmt":"2017-08-08T04:11:04","guid":{"rendered":"https:\/\/testsite.tra-spacepark.org\/cachetest\/?p=1980"},"modified":"2024-06-06T05:19:27","modified_gmt":"2024-06-06T12:19:27","slug":"government-improperly-required-ng-to-treat-post-retirement-benefits-as-unallowable-costs","status":"publish","type":"post","link":"https:\/\/testsite.tra-spacepark.org\/cachetest\/government-improperly-required-ng-to-treat-post-retirement-benefits-as-unallowable-costs\/","title":{"rendered":"Government Improperly Required NG to Treat Post-Retirement Benefits as Unallowable Costs"},"content":{"rendered":"<p>FALLS CHURCH, Va. \u00a0\u2013July 21, 2017 \u2013 Northrop Grumman Corporation (NYSE: NOC) issued the following statement in response to a July 13 decision by the Armed Services Board of Contract Appeals (ASBCA) finding that the government improperly required Northrop Grumman Corporation to treat $253 million of its post-retirement benefit (PRB) costs as unallowable for government contract cost accounting purposes.<\/p>\n<p>\u201cNorthrop Grumman is pleased that the Armed Services Board of Contract Appeals has agreed with the company that the government improperly required Northrop Grumman to treat $253 million of its post-retirement benefit costs as unallowable for government contract cost accounting purposes.\u00a0 The decision, if upheld on any potential appeal, would apply to certain contracts spanning a 20 year period.\u201d<\/p>\n<p>Northrop Grumman is a leading global security company providing innovative systems, products and solutions in autonomous systems, cyber, C4ISR, strike, and logistics and modernization to customers worldwide. Please visit\u00a0<a href=\"http:\/\/news.northropgrumman.com\/\">news.northropgrumman.com<\/a>\u00a0and follow us on Twitter,\u00a0<a href=\"http:\/\/www.twitter.com\/ngcnews\">@NGCNews<\/a>, for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>FALLS CHURCH, Va. \u00a0\u2013July 21, 2017 \u2013 Northrop Grumman Corporation (NYSE: NOC) issued the following statement in response to a <a class=\"mh-excerpt-more\" href=\"https:\/\/testsite.tra-spacepark.org\/cachetest\/government-improperly-required-ng-to-treat-post-retirement-benefits-as-unallowable-costs\/\" title=\"Government Improperly Required NG to Treat Post-Retirement Benefits as Unallowable Costs\"> [Read More]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_price":"","_stock":"","_tribe_ticket_header":"","_tribe_default_ticket_provider":"","_tribe_ticket_capacity":"0","_ticket_start_date":"","_ticket_end_date":"","_tribe_ticket_show_description":"","_tribe_ticket_show_not_going":false,"_tribe_ticket_use_global_stock":"","_tribe_ticket_global_stock_level":"","_global_stock_mode":"","_global_stock_cap":"","_tribe_rsvp_for_event":"","_tribe_ticket_going_count":"","_tribe_ticket_not_going_count":"","_tribe_tickets_list":"[]","_tribe_ticket_has_attendee_info_fields":false,"footnotes":"","_tec_slr_enabled":"","_tec_slr_layout":""},"categories":[23],"tags":[],"table_tags":[],"class_list":["post-1980","post","type-post","status-publish","format-standard","category-recent-ng-news"],"aioseo_notices":[],"ticketed":false,"_links":{"self":[{"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/posts\/1980","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/comments?post=1980"}],"version-history":[{"count":1,"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/posts\/1980\/revisions"}],"predecessor-version":[{"id":1981,"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/posts\/1980\/revisions\/1981"}],"wp:attachment":[{"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/media?parent=1980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/categories?post=1980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/tags?post=1980"},{"taxonomy":"table_tags","embeddable":true,"href":"https:\/\/testsite.tra-spacepark.org\/cachetest\/wp-json\/wp\/v2\/table_tags?post=1980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}