Rand Corp. urges accelerating $17 billion Deepwater procurement

Article Abstract:

A report by Rand Corp. stated that the Coast Guard should accelerate its $17 billion Deepwater procurement program being executed by a joint venture of Lockheed Martin Corp. and Northrop Grumman Corp. to acquire new cutters, airplanes, helicopters and other assets while cutting costs by better using technology and its existing surface and air fleets. The report determined that the programs contractors were capable of building the cutters and aircraft twice as fast as originally envisioned with no significant change to acquisition cost thus boosting the Coast Guard's capability in a short term.

Defense Procurement, Military procurement, Defence buying

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Lawmakers hit revised Deepwater program

Article Abstract:

Lawmakers have criticized the Coast Guard's revised plan for its Deepwater modernization program in a congressional hearing. Deepwater program is designed to replace the Coast Guard's aging and worn-out fleets of cutters, aircraft and more, which will be provided by a joint venture, Integrated Coast Guard Systems, of Lockheed Martin Corp. and Northrop Grumman Corp.

Management dynamics, Management, Defense programs, Company business management, Defence programs

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Senators want to speed Coast Guard modernization

Article Abstract:

The senators want to accelerate the Coast Guard's massive modernization program. President Bush's proposed fiscal year 2006 budget for all Coast Guard programs would provide $6.9 billion in discretionary funds.

Joint ventures, Financial management, Defense Administration & Finance, Finance, Technology application, Company joint venture, Defense spending, Company financing, Defence spending

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