Navy Contracting:

Status of Cost Growth and Claims on Shipbuilding Contracts

NSIAD-89-189: Published: Aug 4, 1989. Publicly Released: Aug 4, 1989.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO provided information on its continued monitoring of Navy fixed-price incentive contracts for shipbuilding.

GAO reviewed 46 contracts with a total target cost of about $25.9 billion and found that: (1) the net projected cost overrun was about $3 billion, with the government potentially liable for about $1.2 billion of that amount; (2) the attack submarine, amphibious assault ship, and aircraft carrier programs accounted for about 85 percent of the projected net overrun; (3) cost growth on 22 contracts that GAO originally reviewed increased 20 percent from April 1988 through March 1989; and (4) no claims or requests for adjustment had been submitted on 22 of the contracts.

Oct 16, 2017

Oct 5, 2017

Sep 29, 2017

Sep 28, 2017

Sep 27, 2017

Sep 26, 2017

Sep 19, 2017

Sep 12, 2017

Looking for more? Browse all our products here