General Electric Co. v. United States

OPINION

FIRESTONE, Judge.

This matter comes before the court on the parties’ cross-motions for partial summary *131judgment. This is the third partial summary judgment motion to be decided in this case.1 At issue in these motions is whether the plaintiff, General Electric (“GE” or “plaintiff’), satisfied its segment closing adjustment obligations under Cost Accounting Standard (“CAS”) 413.50(c)(12), codified at 48 C.F.R. § 9904.413-50(c)(12) (1993) (“CAS 413”),2 when GE, in 1993, sold its business segment GE Aerospace (“GEA”) to Martin Marietta Corporation (“MMC” or “Martin Marietta”) and…