Results from 2010 (with 2009 figures for comparison)
1. Eight contracts priced at £1.404 billion were investigated, as follows:
| 2010 | 2010 | 2009 | 2009 |
Total a. Contracts yielding profit higher than target return agreed in contract price b. Contracts yielding profit less than target return agreed in contract price | 8 6
| 1,404 1,227
| 8 7
| 1,057 1,043
|
|
|
|
|
|
| 2010 | 2010 | 2009 | 2009 |
Contracts at (a) above which involve profit variation in excess of the 10%> "trigger figure" Contracts at (b) above which involve losses in excess of "trigger figure" | 3
| 240
| 2
| 153
|
2. The overall results for all contracts, prior to any repayment to the MOD (report para 11 refers), are as follows: | ||
| 2010 | 2009 |
Profit included in prices | 8.33% 11.99% 3.26% | 7.38% 16.72% 8.01% |
* "Trigger figure": see Annex C