Boeing, General Dynamics lose appeal of A-12 contract
A U.S. appeals court ruled on Tuesday that the U.S. government was justified in canceling the A-12 attack jet for the U.S. Navy.
The U.S. Court of Appeals for the Federal Circuit also ruled that Boeing and General Dynamics must pay the government $2.8 billion.
The $2.8 billion consists of $1.35 billion both companies were awarded along with $1.45 billion in interest that has accrued while the case was fought out in courts for the past 18 years.
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