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BOOK SUMMARY :

Gao provided information on the cost growth of navy ship construction contracts focusing on the 1 status of the cost growth 2 cost growth trends and 3 recent actions to finance additional costs and implications of future cost growthgao found that 1 the 1991 projected cost for completing 165 ships in the navys remaining 54 construction contracts is 64 billion higher than the get this from a library navy contracting cost growth continues on ship construction contracts general accounting office washington dc national security and international affairs div for the last several years we have monitored cost growth on navy ship construction contracts and have testified and issued several reports on the subject see related gao products at the end of b 228619 agency comments and in written comments see app vi on a draft of this report the department our evaluation of defense agreed with the report s findings and conclusions however the department said that recent changes in its budgeting practices budgeting to most likely cost should minimize the future need for funding increasesget this from a library navy contracting cost growth continues on ship construction contracts report to the chairman subcommittee on defense committee on appropriations us senate united states general accounting officeb 228619 shipbullding costs we compared the july 1991 cost growth on the navys fixed price incentive ship construction contracts to what we reported in 1990 and increasing found that it had increased by several measures target costs and target profits increased from the 1989 levels discussed in our 1990 report to the

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