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PLRD-83-26 1 (1983-03-03)

handle is hein.gao/gaobabdxe0001 and id is 1 raw text is: BY THE COMPTROLLER GENERAL Report To The Congress OF THE UNITED STATES The 1978 Navy Shipbuilding Claims Settlement At Litton/Ingalls Shipbuilding-- Status As Of August 1, 1982 The 1979 Defense Appropriation Authoriza- tion Act requires the Comptroller General to review two contracts with Litton Systems, Inc., Ingalls Shipbuilding Division, for build- ing landing helicopter assault and DD-963 destroyer ships that were involved in a ship- building claims settlement. The review is to ensure that funds autho- rized to pay for contract modifications made in the interest of national defense are used only on the two contracts and that the con- tractor does not use such funds to realize any total combined profit on these con- tracts. GAO found that the funds were being used as intended. However, should all unpaid construction costs and other funds retained by the Navy be paid, some funds could then become available for contractor use on pro- jects other than the specified contracts. Although Litton, at the time of the settle- ment, projected a $200 million loss, it is now in a position to realize a total combined profit of $15 million on the two contracts, payment of which GAO believes would be contrary to limitations in the above act. zcI i GAO/PL 0 MARCH 1ccOU ' g247~ 715 RD-83-26 3, 1983

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