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Legal Dilemmas in the Weapons Acquisition Process: The Procurement of the SSN-688 Attack Submarine

By Sherri Wasserman Goodman

Abstract

On December 1, 1976, the Electric Boat division of General Dynamics submitted to the United States Navy a contract claim for more than $500 million arising from a $2.7 billion contract for 18 Los Angeles class SSN-688 attack submarines. The claim alleged that the payments General Dynamics had received from the Navy under its fixed-price contract were insufficient to cover its actual costs of production. When the claim was settled in 1978, General Dynamics had received cash, tax, and interest benefits worth almost $1 billion

Topics: Law
Publisher: Yale Law School Legal Scholarship Repository
Year: 2015
OAI identifier: oai:digitalcommons.law.yale.edu:ylpr-1138
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