The 1978 Navy Shipbuilding Claim Settlement At Electric Boat--status As Of July 2, 1983 V. NSIAD-84-83

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NSIAD-84-83 1 (1984-05-18)

handle is hein.gao/gaobabeoj0001 and id is 1 raw text is: IP V- - I I

BY THE COMPTROLLER GENERAL

Report To The Congress

OF THE UNITED STATES

The 1978 Navy Shipbuilding Claim

SettlementAf Electric Boat--

StatusA fg July 2, 1983

The 1979 Defense Appropriation Authoriza-
tion Act authorizes the Comptroller General to
review two contracts with General Dynamics
Corporation, Electric Boat Division, for
building 18 SSN-688 class nuclear attack
submarines. These contracts were involved in
a shipbuilding claim settlement.
The review is to insure that funds authorized to
pay for contract modifications made in the
interest of national defense are'used only on
the two contracts, and that the contractor does
not use such funds to realize any total'com-
bined profit on these contracts. This is GAO's
fifth report on these contracts.
On the basis of information available at the
time of this review, GAO concluded that the
funds authorized for the settlement are being
used on the specified contracts and that the
contractor is still projecting a loss on these
contracts.

124185

0GAO/NSIAD-84-83
MAY 18. 1984