By Geoff Fein As the Navy and Congress discuss the potential for moving defense contractors to fixed price contracts, all sides need to really examine the risks associated with programs to make procurement efforts more cost effective, according to a Northrop Grumman [NOC] official. The current environment considers any sort of cost increase an overrun and bad performance, Mike Petters, president of Northrop Grumman Shipbuilding, told Defense Daily last week. To stop that from happening, the Navy says it is…
Navy, Industry Need To Do A Better Job of Discussing Program Risks, Official Says
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