NBC Evening News for Wednesday, Jul 25, 1984
View other clips in this broadcast →
Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws. For any such use, please visit NBC NEWS Archives XPRESS.
(Studio) General Dynamics Corporation reported allegedly purposely underbidding on defense contracts in order to charge government for cost overruns.
REPORTER: John Palmer
(DC) Cost overruns paid General Dynamics in 1978 despite Pentagon advisers' assessment of chgs. explained; roles of then-Navy Secretary Edward Hidalgo in negotiating overruns with aid of General Dynamics reviewed. Memo discussing situation and discovered by Congress investigators quoted on screen. [Senator William PROXMIRE - questions honesty of exaggerated claims.] [Navy attorney Eugene PAULISCH - claims bills are traditionally inflated.] Hidalgo recalled becoming Navy Secretary prior to accepting position as paid consultant with General Dynamics; estimate cost overruns so far in General Dynamics contract noted.
REPORTER: John Hart
Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.
Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:
If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.