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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Maritime Security

Chief of Naval Personnel Visits Naval Special Warfare

Chief of Naval Personnel (CNP) Vice Adm. Bill Moran visited Naval Special Warfare (NSW) Sailors during an all hands call on Joint Expeditionary Base Little Creek-Fort Story, Oct.

EUCAP Nestor Train 30 Somali Coast Guards

On 21 October, the European Union’s Maritime Capacity Building Mission in the Horn of Africa and Western Indian Ocean (EUCAP Nestor) celebrated the successful completion of a two month Mentoring,

US Navy Christens Future USS Detroit

The U.S. Navy christened the future USS Detroit (LCS 7), the fourth Littoral Combat Ship of the Freedom variant, in a ceremony at Marinette Marine Shipyard in Marinette, Wisconsin, Oct.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Simulators 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: 0.1182 sec (8 req/sec)