Tony Capaccio
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...
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...
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...
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....
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...
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...
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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