Marine Link
Monday, September 26, 2016

Coast Guard Meets with Lockheed, Northrop

January 24, 2007

U.S. Coast Guard Commandant Adm. Thad Allen met last week with chief executive officers from Lockheed Martin Corp. (LMT) and Northrop Grumman Corp. (NOC) to discuss his agency's $24b modernization program, which has struggled with rising costs and technical difficulties. Lockheed Martin CEO Robert Stevens and Northrop Grumman CEO Ron Sugar met with Allen to talk about the Deepwater program's new management plan, the Coast Guard said.

The Deepwater program is a 25-year effort to replace a wide variety of aging ships and aircraft. Costs have ballooned from the original $17b estimate, and critics have said the program's shipbuilding troubles show that the Coast Guard isn't equipped to manage such a big project. But the companies say much of the project has gone well, and they attribute the higher cost estimates to changes in the Coast Guard's requirements.

Allen has made a series of changes in recent months to beef up oversight, through new independent cost reviews and reinforced technical supervision. He also is set to add a new procurement chief next month, when he unveils a larger vision for the Coast Guard's future.

Integrated Coast Guard Systems, the joint venture in charge of the Deepwater contract, said the meeting is part of an overall good relationship with the Coast Guard. Source: Marketwatch



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News