Boeing loses lawsuit on GPS satellite pricing

Boeing loses lawsuit on GPS satellite pricing

Credit: AP

Boeing loses lawsuit on GPS satellite pricing

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by By Associated Press

NWCN.com

Posted on August 15, 2009 at 1:33 PM

Updated Thursday, Sep 24 at 12:37 PM

WASHINGTON -- A federal judge says the Air Force can disclose the rates that Boeing Co. charged for the next generation of global positioning satellites.

The ruling by U.S. District Judge Gladys Kessler rejects Boeing's effort to reverse an Air Force decision to comply with a Freedom of Information request filed five years ago about the satellite contract the company won in 1996.

Chicago-based Boeing says it believes the request, filed through a third party, is from its chief competitor, Bethesda, Md.-based Lockheed Martin Corp.

Boeing objected to the release of pricing information. The company says disclosing the information will allow competitors to figure out its labor and profit rates, which the company wants to keep secret.

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