The Pentagon is withholding 5% of F-35 engine maker Pratt & Whitney’s billings on key contracts because of the company’s inability to comply with the department’s auditing standards. The Defense Contract Management Agency (DCMA) implemented the withholding following an audit of the company’s compliance with the Pentagon’s Earned Value Management System (EVMS) in April. EVMS is the system by which the Pentagon tracks cost, schedule and performance of programs at contractors’ ...
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