Feb 23 2000
From The Space Library
NASA Inspector General Roberta L. Gross reported that the Boeing Company would have to forfeit most of its profit from the ISS contract because of its nearly US$1 billion in cost overruns. NASA's incentive-laden contract with Boeing allowed for significant bonuses for meeting timeline and cost limits. NASA Administrator Daniel S. Goldin had ordered an audit of the NASA-Boeing contract in 1999, because projected cost overages had continued to rise. Nonetheless, as Boeing neared completion of the construction of its portion of the ISS, both NASA and the aerospace giant were optimistic that cost overruns had stabilized, and that the space station hardware would perform well in space.
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