Navy Plans To Torpedo Contract Prices, Mabus Says

Law360, Washington (February 28, 2014, 2:28 PM EST) -- Navy Secretary Ray Mabus told contractors on Friday that the Navy plans to press contractors harder than ever for the best deals from contract negotiations, saying the slim defense budget has made bargains more important than ever.

Although the U.S. Department of Defense's budget will require all military branches to scale back their operations, Mabus claimed during a Center for Strategic & International Studies forum that the Navy needs a strong 300-ship fleet by the end of the decade in order to support the Obama administration's...
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