Government Furnished Equipment [Aeronautics and Space] Law and Legal Definition

Pursuant to 14 CFR 1274.103 [Title 14 Aeronautics and Space; Chapter V National Aeronautics and Space Administration; Part 1274 Cooperative Agreements with Commercial Firms; Subpart 1274.1 General], Government Furnished Equipment means “equipment in the possession of, or acquired directly by, the Government and subsequently delivered, or otherwise made available, to a recipient and equipment procured by the recipient with Government funds under a cooperative agreement. In most cases, Government furnished equipment will be counted as part of the Government's in-kind or non-cash contributions to the cooperative agreement for the purpose of determining the share ratio.”