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Navy/USMC

Ship Contract Delays Could Prompt Cost Increases, HII CEO Says

Defense Daily Staff Defense Daily Staff
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Huntington Ingalls Industries [HII] has told the Navy that delays in issuing contracts in the construction of aircraft carriers or other ships could lead to cost increases, the company’s CEO said yesterday. Huntington Ingalls Industries CEO and President Michael Petters said the optimal timeframe for beginning contract on an aircraft carrier is every three-and-a-half to four years, and noted the current rate is every five years. But delays in Congress passing an appropriations bill and the looming threat of sequestration…

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