Remington Arms Company and Colt Defense recently had a “shootout” about a government contract before the U.S. Court of Federal Claims. Remington won.
In the 1998 movie Armageddon, oil drillers are launched into space to destroy a Texas-sized asteroid hurtling toward Earth. Their special skills are needed to drill a hole into the asteroid to plant a nuclear device that will destroy the asteroid and save Earth. Before they are launched into space, one of the drillers wryly remarks: “You know we’re sitting on four million pounds of fuel, one nuclear weapon, and a thing that has 270,000 moving parts built by the lowest bidder. Makes you feel good, doesn’t it?”
More than $750,000—that’s what a federal government contractor was going to have to pay until a federal appeals court reduced the amount to $14,748.