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PSAD-77-92 1 (1977-03-16)

handle is hein.gao/gaobaacbc0001 and id is 1 raw text is: DOCUMENT RESUME '~L~~ ~t 01132 - (A10517321 New Lockheed Policy to Prevent Questionable Foreign Marketing Practices. B-169300; PSAD-77-92. March 16, 1977. Released March 29. 1977. 8 pp. + appendix (13 pp.). Report to Rep. William S. Moorhead, Chairman, House Committee on Banking, Finance and Urban hffairs: Economic Stabilization Subcommittee; by Elmer B. Staats, Comptroller General. Issue Area: Federal Procurement of Goods and Services: Reasonableness of Prices Under Negotiated Contracts and Subcontracts (1904). Contact: Procurement anu Systems Acquisition Div. Budqet Function: National Defense: Department of Defense - Procurement & Contract- (058). organization Concerned: Department of the Treasury; Dr.partnent of Defense; Lockheed Aircraft Corp. Congressional Relevance: House Committee on Banking, Finance and Urban Affairs: Economic Stabilization Sutcommittee. Authority: Anti-Kickback Act: (41 U.S.C. 51-:4). International Security Assistance and Arms Export Control Act of 1976 (P.L. 94-329). Tax Reform Act of 1976 (F.L. 94-455). Executive Order 9001. 10 U.S.C. 2206. 10 O.S.C. 2306(b). 10 U.S.C. 2313. 18 U.S.C. 431. 18 U.S.C. 433. 41 U.S.C. 22. 41 U.S.C. 254(a). Lockheed Aircraft Corporation has taken several actions to remedy earlier management problems of money flowing to unauthorized individuals or organizations in connection with its foreign marketing activities. Findings/Conclusions: The new Lockheed pol.cy and related procedures contain suitable control features over the company's own actions in foreign market dealings. However, there are certain external factors present in the foreign market which are beyond Lockheedls control, and, as such, the Lockheed actions alone will not necessarily preclude the possibility of money flowing to unauthorized foreign qovernmental, military, or customer officials. Lockheed established a Consultant Review Committee to review the qualifications of international consultants, which are individuals or firms engaged to provide marketing intelligence and marketing related services in foreign ccuntries. The new policy sets out certain qualifications and limitations related to dealings with intermational consultants. The Frocedures have control features which provide for a separation uf responsibilities and duties between officials proposing the use of consultants and officials approving the selections and payments. Payments to international ccnsultants by all Lockheed divisions and subsidiaries require centralized approval. Lockheed has for the most part followed its new policy and procedures. (SC)

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