Two Navy Ship Contracts Modified Under Authority of Public Law 85-804--Status as of August 3, 1980.

Abstract

The 1979 Defense Appropriation Authorization Act requires the Comptroller General to review two contracts for the landing helicopter assault and the DD-963 destroyer ships. The review is to ensure that funds authorized for payments under contract modifications made in the interest of national defense are being used only on the two contracts and that the contractor does not use such funds to realize any total combined profit. GAO found that the funds are being spent as intended and that the contractor continues to project an overall loss on the contracts. This loss, however, reflects a significant improvement from the estimated loss during the 1978 shipbuilding claims settlement. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Oct 06, 1981
Accession Number
ADA108461

Entities

Organizations

  • United States Government Accountability Office

Tags

Communities of Interest

  • Ground and Sea Platforms
  • Human Systems
  • Space
  • Weapons Technologies

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Congress
  • Contractors
  • Contracts
  • Department Of Defense
  • Government Procurement
  • Governments
  • Law
  • Military Acquisition
  • National Security
  • Navy
  • Procurement
  • Shipbuilding
  • Ships
  • Shipyards
  • United States

Readers

  • Government Contracting/Procurement.
  • Public Financial Management and Budgeting