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Navy To Make Guidelines For Aiding Shipyards With Capital Investments

DDN

Tuesday, July 27th, 2010

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By Emelie Rutherford The Navy, in response to criticism from government auditors, said it plans to issue guidance regarding the incentives it uses to spur shipbuilders to spend their own money on equipment and facilities to lower the cost of naval vessels. The Government Accountability Office (GAO) in a report issued yesterday said the Navy needs to clarify its objectives and priorities for doling out investment incentives to shipyards. The Navy provides such support to all large ship contractors to…

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