The financial impact of shipbuilding claims upon Litton industries.
Diekemper, Jerome Vincent
Sovereign, Michael G.
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This paper analyzes the financial impact of shipbuilding claims on Litton Industries and its Ingalls Shipbuilding Division. It begins by reviewing the changing atmosphere within the U. S. shipbuilding industry from the late 1960s to the present and then considers how these changes influenced some of the major operational decisions made by Litton. The thesis continues with a discussion of eight major milestones which have occurred during the past ten years of dealings between the Navy and the corporation. These milestones reflect an assessment of the events which impacted upon the financial stature of the company. Although emphasis is placed upon the LHA claim, other claims are presented when pertinent. Finally, there is provided a discussion of lessons learned with attendant suggestions on preventing recurrences of the financial hardships suffered by the Navy and Litton/ Ingalls.
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