U.S. Navy, General Dynamics Continue Talks

Wednesday, October 03, 2007
General Dynamics Corp. (GD.N: Quote, Profile, Research) and the U.S. Navy recently met to discuss switching to a fixed-price contract for the company's shore-hugging Littoral Combat Ships (LCS) after the program was between 50 percent and 75 percent over budget, according to a Reuters report. The Navy, which wants to eventually build 55 of the new ships, hopes to resolve the matter by Oct. 19. The sides began talks last week. Two sources familiar with the talks said they were focused in part on General Dynamics' concern about limiting its liability under the fixed-price agreement if requirements for the program changed in the future. [Source: Reuters]
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Maritime Security

Kongsberg to Supply FPSO Safety System

Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime,

Crippled Pine Galaxy Arrives in San Francisco

The disabled mixed-products tanker Pine Galaxy arrived in San Francisco for repairs Wednesday. Commercial tugs towed the ship safety into the Port of San Francisco

USCG Shares Safety Tips for Labor Day, Riverfest

Labor Day weekend marks the unofficial end of the boating season and is known as one of the busiest recreational boating weekends on the Ohio River. With approximately 2,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Pod Propulsion Port Authority Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.2721 sec (4 req/sec)