Navy Shipyard Shortfall Bigger Than Estimated: GAO

Law360, New York (November 17, 2010, 4:05 PM EST) -- The U.S. Navy's $3 billion estimate for what it would take to modernize its shipbuilding facilities is based on incomplete information and understates the actual need, a new U.S. Government Accountability Office report says.

The report, released Tuesday, found that the Navy needed to do a better job of facilities planning, and that the estimate it gave Congress in October 2009 for what it would cost to update the infrastructure at its four public shipyards was flawed.

The Navy has developed a system for calculating its...
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