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Tony Capaccio

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GENERAL DYNAMICS Electric Boat has reached a multi-year multibillion contract with the U.S. Navy to build nine new Virginia-class submarines, with an option to build a tenth submarine. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

General Dynamics gets a multibillion-dollar Navy submarine deal

WASHINGTON – The U.S. Navy has reached an agreement with General Dynamics Corp. on a multibillion-dollar deal to buy the next batch of Virginia-class...
THE U.S. NAVY'S Columbia-Class Submarine project will be audited by the Pentagon’s inspector general on how well the Navy is overseeing development of the propulsion and steering system. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

Navy’s $128B nuclear sub project faces watchdog’s review

NEW YORK – The Pentagon’s inspector general plans to audit how well the U.S. Navy is overseeing development of the propulsion and steering...
THE GAO WARNED that the U.S. Navy's cost estimates for the Columbia-Class submarine may rise due to unreliable cost estimates. / COURTESY GENERAL DYNAMICS ELECTRIC BOAT

U.S. nuclear-armed sub may cost more than Navy says, GAO warns

NEW YORK – The U.S. Navy may have to ask Congress to boost funding in fiscal 2021 to buy the first in its new...
THE U.S. NAVY is proposing a 20 percent cut in its planned fleet of new hovercraft being built by Textron Inc.

Textron’s landing hovercraft cut 20% in U.S. Navy 5-year plan

NEW YORK - The U.S. Navy is proposing a 20 percent cut in its planned fleet of new hovercraft being built by Textron Inc....
THE GOVERNMENT ACCOUNTABILITY OFFICE said that the $128 billion Columbia-class nuclear-powered submarine appears to be underfunded and is at risk for increased costs and schedule delays. Above, U.S. Navy Special Warfare Combatant-Craft Crewmen ride aboard a Rigid Hull Inflatable Boat after participating in an International Special Operations Forces capacities exercise. / BLOOMBERG FILE PHOTO/LUKE SHARRETT

U.S. Navy’s new sub risks blowing past $128B, GAO says

NEW YORK - The U.S. Navy underplayed the development risks posed by key technologies for its new $128 billion Columbia-class nuclear-powered submarine, the Government Accountability...
THE FIRST KNOWN GLITCH in a $126 billion nuclear-armed submarine program was disclosed by a key U.S. lawmaker this week and confirmed by the Navy, which said it has fixed the problem. Electric Boat has been tasked with creating common missile compartment for the U.S. Navy’s Columbia-class submarine. Above, a Virginia-class submarine as built by Electric Boat./ COURTESY GENERAL DYNAMICS ELECTRIC BOAT

Navy sub’s overheating motor first glitch in $126 billion system

NEW YORK - The first known glitch in a $126 billion nuclear-armed submarine program -overheating of a prototype motor - was disclosed by a key U.S....

Nuclear-armed subs move ahead at Pentagon before Obama goes

WASHINGTON - The Pentagon’s top weapons buyer has approved advanced development for a fleet of 12 new nuclear-armed submarines, a potential $128 billion project...

Pentagon spent $58B on weaponry it ended up canceling

WASHINGTON - The Pentagon has canceled 22 programs in advanced development after spending a combined $58.3 billion on them since 2002, according to the...

General Dynamics Destroyer reviewed by U.S. for cancellation

WASHINGTON - Pentagon officials are weighing whether to cancel the last of three ships in General Dynamics Corp.’s $22 billion program to build new...
ACCORDING TO A GOVERNMENT report, the Defense Department paid Textron Inc. subsidiary Bell Helicopter more than $8,000 for gears that should have cost less than $500. A spokesman for Bell said the company "does not agree with the findings" of the report. / COURTESY TEXTRON INC.

Pentagon paid $8,124 for a $445 Textron gear, U.S. report says

WASHINGTON – The Pentagon paid Textron Inc.’s Bell Helicopter unit $8,123.50 each for gears that should have cost $445.06, according to a report by...

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