Grumman, Boeing Settle Counterclaims: Details were not...

Grumman, Boeing Settle Counterclaims: Details were not released, but the companies said they have eliminated claims by both parties over the cost of completing the first two modified Boeing 707s built for the STARS project, or “surveillance target attack radar system.” Grumman won the $657-million STARS contract in 1985 and is in the final phase of flight testing before handing the project to the Air Force for its own testing. The disagreement arose when Boeing requested $122.5 million in addition to the initial $80.2 million that it was awarded for modifying the 707 airframes.