Two Contracts for Nuclear Attack Submarines Modified by Public Law 85-804--Status as of December 23, 1978

PSAD-79-107: Published: Oct 2, 1979. Publicly Released: Oct 2, 1979.

Additional Materials:

Contact:

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

The 1979 Defense Appropriation Authorization Act requires the Comptroller General to audit and review two contracts for nuclear attack submarines to ensure that funds authorized for payments under contract modifications made in the interest of national defense are used only on these contracts and that the contractor does not realize any total combined profit on the contracts.

It was found that the funds were being used only on the two contracts, and that the contractor was not realizing any total combined profit. It was also found that: (1) the contractor's procedures and controls were adequate; and (2) the contractor continued to project an overall loss on the contracts and the prospect of reaching the necessary efficiency to realize a profit was remote.

Nov 6, 2017

Oct 25, 2017

Oct 12, 2017

Sep 26, 2017

Sep 7, 2017

Jul 31, 2017

Jul 26, 2017

Jul 24, 2017

Looking for more? Browse all our products here