Costs Put Ships in Peril; Marinette Marine Hoped to Build Several Vessels for Navy
The Milwaukee Journal Sentinel › April 17, 2007
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Summary
Washington - The Navy, citing cost overruns in construction of a new, cutting-edge warship being built in Wisconsin, took the unusual step this week of terminating plans for the same team of contractors, led by Lockheed Martin Corp., to build another one of the ships.
The 377-foot vessel, named the Freedom, is nearing completion at the Marinette Marine Corp.See the full content of this document
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Costs Put Ships in Peril; Marinette Marine Hoped to Build Several Vessels for Navy
An official of the firm's corporate parent, The Manitowoc Company Inc., expressed disappointment Friday.
Meanwhile, Navy officials still plan to commission the ship in Milwaukee - which beat out Chicago to stage the highly c...See the full content of this document
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