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Some of these proceedings seek remedies relating to employment matters, matters in connection with our contracts and matters arising under laws relating to the protection of the environment.
−Removed: As a result of final indirect rate negotiations between the U.S.
−Removed: Government and our Former Parent, we may be subject to potential adjustments to costs previously allocated by our Former Parent to our business, which was formerly Exelis’ Mission Systems Business, from 2007 through 2014.
−Removed: We are in discussions with our Former Parent regarding the negotiated adjustments from 2007-2014 and believe that our potential cumulative liability for these years is insignificant.
−Removed: In June 2019, the U.S.
−Removed: Government provided us with the Contracting Officers Final Decision (COFD) for the years 2007-2010 related to Former Parent costs.
−Removed: In August 2019, we filed an appeal of the COFD with the Armed Services Board of Contract Appeals (ASBCA).
−Removed: Since October 2019, the ASBCA has granted Vectrus’ and the U.S.
−Removed: Government’s joint requests to stay proceedings in the appeal, most recently through November 30, 2020, to enable ongoing discussions regarding the matter between Vectrus and our Former Parent.
−Removed: In June 2020, the U.S.
−Removed: Government provided us with the COFD for 2013 related to Former Parent costs.
−Removed: We believe we are fully indemnified under our Distribution Agreement with our Former Parent and have notified our Former Parent of our appeal of the U.S governments decision in this matter.
Although the ultimate outcome of any legal matter cannot be predicted with certainty, based on present information, including our assessment of the merits of the particular claim, we do not expect that any asserted or unasserted legal claims or proceedings, individually or in the aggregate, will have a material adverse effect on our cash flow, results of operations or financial condition.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.