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PLRD-83-27 1 (1983-04-12)

handle is hein.gao/gaobabeah0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENE A L REL~t-v
                *~~ \. ., -\

 Report To The Chairman, Subcommittee On


 Procurement And Military Nuclear Systems

 Committee On Armed Services

 House Of Representatives
 OF THE UNITED STATES





 Observations Concerning Profit

 Rates On Selected Navy Contracts




 In testimony before the Subcommittee on
 June 16, 1981, Admiral Hyman G. Rickover
 alleged that four contractors were making
 excess profits on specific Navy contracts.
 GAO was asked to verify the allegations and
 provide any special or extenuating circum-
 stances surrounding the procurements that
 should be considered in evaluating the rea-
sonableness of the profits. GAO found that
the profit figures cited by Admiral Rickover
were essentially accurate.










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                                                      121350



                                                    GAO/PLRD-83-27
                                                      APRIL 12, 1983


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