The Navy has paid for the majority of cost overruns on contracts for its major shipbuilding programs over the last decade, according to a recent Government Accountability Office report. The audit, released last week , examined six fixed-price incentive (FPI) contracts awarded by the Navy over the last 10 years covering a total of 40 ships. The awards the GAO analyzed include: one contract with two Arleigh Burke-class guided missile destroyers; one contract with two Expeditionary Transfer Dock and two...
