in ,

Mike Petters: Huntington Ingalls, Navy Work to Manage Carrier Construction Budget

Mike Petters: Huntington Ingalls, Navy Work to Manage Carrier Construction Budget - top government contractors - best government contracting event
https://executivebiz-media.s3.amazonaws.com/2022/08/19/30/9f/c3/a0/b7/6f/d4/64/Executive-Biz.png
Mike Petters, Huntington - ExecutiveMosaic
Mike Petters

The U.S. Navy and Huntington Ingalls Industries strive to build the USS Gerald R. Ford aircraft carrier without exceeding the authorized budget, said HII CEO Mike Petters, the Daily Press reported Thursday.

Hugh Lessig writes Petters was responding to a Government Accountability Office report that predicts the Navy’s supercarrier project would not meet the $12.9 billion spending limit set by Congress due to high technology and testing costs.

“Everyone in the program is absolutely committed to delivering that ship under the cost cap,” Petters told an audience at a recent industry conference in New York.

Cmdr. Thurraya Kent, a spokesperson for the Navy, said the branch plans to defer work on non-critical Ford segments until after delivery to allow HII to complete essential systems, according to the newspaper.

“This is a prudent action to control both cost and schedule in this sole source environment on this first of class ship,” Kent added, according to Lessig’s article.

ExecutiveBiz Logo

Sign Up Now! ExecutiveBiz provides you with Daily Updates and News Briefings about Industry News

mm

Written by Mary-Louise Hoffman

is a writer of news summaries about executive-level business activity in the government contracting sector. Her reports for ExecutiveBiz are focused on trends and events that drive the GovCon industry to include commercial technologies that private companies are developing for federal government use. She contributes news content to ExecutiveBiz’s sister sites GovCon Wire and ExecutiveGov.

Chris Marzilli: US Soldiers Use General Dynamics WIN-T for Ebola Mission in Africa - top government contractors - best government contracting event
Chris Marzilli: US Soldiers Use General Dynamics WIN-T for Ebola Mission in Africa
WidePoint Lands Multiple Federal Govt Telecom Contracts; Steve Komar Comments - top government contractors - best government contracting event
WidePoint Lands Multiple Federal Govt Telecom Contracts; Steve Komar Comments