Several contractors face financial risk

Report: Reliance On Some Contractors Creates Risk For Navy Programs

/ October 7, 2011 at 9:49 PM
The Navy's industrial base is largely stable, but in many cases the Navy relies on contractors that are the sole qualified source of a material or capability, according to the annual Industrial Capabilities Report submitted to Congress Oct. 3. The 90-page report details the risks associated with seven ongoing Navy projects, as well as the shipbuilding industry overall. The Defense Contract Management Agency Industrial Analysis Center performed the assessments at the request of military commands or Pentagon officials. Among the...

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