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Committee chair McCain vows to block contract for new Northrop bomber
Source: Reuters
Politics | Thu Feb 25, 2016 9:43am EST
Committee chair McCain vows to block contract for new Northrop bomber
WASHINGTON
U.S. Senate Armed Services Committee Chairman John McCain on Thursday vowed to block use of a cost-plus type of contract, under which the government would be responsible for cost overruns, for a new long-range bomber to be built by Northrop Grumman Corp.
McCain told reporters he would seek to block authorization of the new U.S. Air Force long-range strike bomber in its current form, arguing that cost-plus deals inevitably lead to cost overruns.
"We can disapprove it. I will not authorize a program that has a cost-plus contract," McCain said, when asked about the contract, which the U.S. Air Force has already signed with Northrop.
The Senate Armed Services Committee and its counterpart in the House of Representatives approve legislation that sets defense policy, while funding for the military is governed by the House and Senate appropriations committees.
(Reporting by Andrea Shalal; Editing by Bill Rigby)
Committee chair McCain vows to block contract for new Northrop bomber
WASHINGTON
U.S. Senate Armed Services Committee Chairman John McCain on Thursday vowed to block use of a cost-plus type of contract, under which the government would be responsible for cost overruns, for a new long-range bomber to be built by Northrop Grumman Corp.
McCain told reporters he would seek to block authorization of the new U.S. Air Force long-range strike bomber in its current form, arguing that cost-plus deals inevitably lead to cost overruns.
"We can disapprove it. I will not authorize a program that has a cost-plus contract," McCain said, when asked about the contract, which the U.S. Air Force has already signed with Northrop.
The Senate Armed Services Committee and its counterpart in the House of Representatives approve legislation that sets defense policy, while funding for the military is governed by the House and Senate appropriations committees.
(Reporting by Andrea Shalal; Editing by Bill Rigby)
http://www.reuters.com/article/us-northropgrumman-bomber-congress-idUSKCN0VY1W9