Wednesday, April 07, 2010

Over Budget, Way Off Schedule

See Virginia and Northrop revise and extend VITA computer contract and look how Northrop Grumman has made it profitable to go over proposed budgets and way off schedule.

Northrop Grumman is nothing like the little aircraft company, Northrop Aircraft Company, that took PRIDE in being "under budget" and "on-time" in its contractual obligations.

The original deal was a ten-year contract for $2.36 BILLION.

Northrop Grumman has been able to re-negotiate a three-year contract extension for an additional $247.2 MILLION per year.

This is in addition to $105 MILLION over the next nine years for additional hardware and services.

Northrop Grumman is also getting another $47 MILLION for "security and disaster recovery services not included in the original contract".

Northrop Grumman has come a long way.


Disclaimer: SORRY - This is only what I know from my point of view. No lies, just what I see as the truth.

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