Even big, old-line contractors run into trouble with Defense cost accounting rules

A dispute between the Defense Department and old-line contractor Raytheon shows how tricky the rules are for cost accounting. In one recent case, Raytheon prevailed at the Armed Services Board of Contract Appeals. Then Raytheon lost when the government appealed to the Federal Circuit Court. For the details, Federal Drive host Tom Temin spoke with Daniel Ramish, Smith Pachter McWhorter procurement attorney.