Coast Guard Postpones Pursuing Refunds For Faulty Ships

Thursday, May 29, 2008

The U.S. Coast Guard said it will temporarily stop its review and suspend its pursuit of a $96.1m refund for faulty ships built by Lockheed Martin Corp. (LMT) and Northrop Grumman Corp. (NOC), pending a Justice Department investigation.  The Justice Department and the Department of Homeland Security Office of the Inspector General are investigating the Coast Guard's Deepwater contracts, including the eight, 123-ft. patrol boats found to have structural problems, the AP reported.
The Coast Guard will continue to provide documents and technical support to assist the government's investigation.
The latest move signals a shift by the Coast Guard, which earlier this year had begun the process for a formal negotiation with the Integrated Coast Guard System, the joint venture between Lockheed Martin and Northrop Grumman over the faulty boats.
After revoking acceptance of the patrol boats last May, the department demanded a refund from the ICGS. The boats were later removed from the waters off Florida in late 2006 and permanently decommissioned in April 2007. Some electronics issues on them were first identified in 2003 by Michael DeKort, a former Lockheed Martin employee, who later chronicled his complaints in a YouTube video.
Northrop Grumman builds the ships while Lockheed Martin provides communications equipment and other technology.
Source:  AP


Coast Guard

Caribbean Fantasy Fire Extinguished

A fire that broke out aboard the passenger vessel Caribbean Fantasy at 7:42 a.m. on August 17 has been extinguished, and the vessel has been moored safely in port.

Coast Guard Foundation Awarded 128 Scholarships

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

Indian Cargo Ship Sinks Off Oman

An Indian cargo ship loaded with vehicles and food supplies destined for Yemen sank on Saturday off the coast of Oman but without loss of life, Oman’s ONA state news agency reported.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Port Authority Salvage Ship Electronics Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0708 sec (14 req/sec)