Navy, General Dynamics Discuss Fixed-Price Contract to Control LCS Costs

By Jason Sherman / September 26, 2007 at 5:00 AM
Navy officials today are meeting with General Dynamics to discuss the service's recent request to switch the contract for the Littoral Combat Ship to a fixed-price deal in a bid to rein in ballooning costs for the design and construction of the shore-hugging vessels, according to a source familiar with the discussions. The meeting comes after the Navy, in a Sept. 19 letter, asked General Dynamics to prepare a proposal to restructure its LCS contracts. A similar bid earlier this...

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