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Navy's big shipyards dream fades amid rising costs
The Navy aimed to use large contracts to force modernization, but the Litton Yard on Mississippi's Gulf Coast emerged as the only new yard. Costs soared from 130 million to 20 million for the project, cranes cost 900000 each in 1968, and bankers doubt new yards will be built without firm guarantees. Gardner of Litton warns economic risk and needed assurances before more yards appear.
MENTIONED IN THIS ARTICLE
Washington
Navy
Sweden
Japan
Pentagon
Litton Ship Systems Division
Pascagoula River
Alder Ingalls Nuclear
Mississippi
Gulf Coast
LHA
Litton
Littan
Ellis B. Gardner Jr
Littan’s Marine Group
Gardner