Navy Requests Changes to General Dynamics Deal

Monday, September 24, 2007
The U.S. Navy has reportedly asked General Dynamics Corp to switch to a fixed-price contract for its shore-hugging Littoral Combat Ships or risk losing at least part of the deal. The Navy asked General Dynamics to restructure the deal due to cost growth ranging from 50 percent to 75 percent on the company's lead ship. General Dynamics cannot start work on its second LCS ship until a deal is reached to set a ceiling on the construction price, the Navy said. (Source: Reuters)
Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

China: South China Sea Reclaimation Work Halted

China has halted reclamation work in the South China Sea, the country's foreign minister said on Wednesday, at a meeting of Southeast Asian foreign ministers where

Nigeria's Tanker Ban Underscores Local Industry Disarray

The Nigerian president's sudden, unexpected and seemingly unilateral decision to ban nearly 100 oil tankers from the country's waters has sown confusion in the

Diversion of Yemen Aid Ships Spreads Fear

Residents in the Yemeni capital Sanaa are stocking up on rare food and fuel supplies after the government in exile decided to divert aid ships from the Houthi rebel-held

Navy

China: South China Sea Reclaimation Work Halted

China has halted reclamation work in the South China Sea, the country's foreign minister said on Wednesday, at a meeting of Southeast Asian foreign ministers where

Diversion of Yemen Aid Ships Spreads Fear

Residents in the Yemeni capital Sanaa are stocking up on rare food and fuel supplies after the government in exile decided to divert aid ships from the Houthi rebel-held

Australia's Massive Shipbuilding Plan Announced

The Australian Government has thrown domestic shipbuilders an A$89 billion (US$ 66 billion) lifeline. It plans to deliver a long-term plan for a strong and sustainable naval shipbuilding industry.

 
 
Maritime Careers / Shipboard Positions Naval Architecture Pipelines Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
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: 0.1064 sec (9 req/sec)