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UNITED STATES FILES SUIT AGAINST NEWPORT NEWS SHIPBUILDING FOR ALLEGED FRAUD AGAINST THE NAVY
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Regulatory Intelligence Data
02-03-2003
WASHINGTON, D.C. - The United States has filed suit against Newport
News Shipbuilding Inc. alleging that the company knowingly mischarged the
U.S. Navy on costs it incurred for work under commercial contracts from
1994 to 1999, the Justice Department announced today. The lawsuit alleges
that the Newport News, Virginia-based company charged the Navy for independent
research and development (IR&D) costs ...
Related newspaper, magazine, and journal articles from HighBeam Research
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YARD GIVES UP ON AVONDALE NEWPORT NEWS SHIPBUILDING DECIDES AGAINST RAISING BID FOR YARD.(BUSINESS)
The Virginian Pilot
; ... CHRISTOPHER DINSMORE, STAFF WRITER Newport News Shipbuilding won't fight for its merger ... Avondale,'' William P. Fricks, Newport News Shipbuilding's chairman and CEO, said in ... Litton also has offered to buy Newport News Shipbuilding in a stock swap worth about ...
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General Dynamics Makes Bid for Virginia's Newport News Shipbuilding.
Knight Ridder/Tribune Business News
; Knight Ridder/Tribune Business News Feb. 19 -- General Dynamics Corp. has offered to buy Newport News Shipbuilding for $1.35 billion in cash, but ... Avondale Industries Inc. A takeover of Newport News Shipbuilding by Falls Church-based General ...
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PENTAGON SINKS SHIPYARD DEAL COHEN RULES OUT GENERAL DYNAMICS' BID TO TAKE OVER NEWPORT NEWS SHIPBUILDING.(FRONT)
The Virginian Pilot
; ... General Dynamics' plan to acquire Newport News Shipbuilding, as Newport Newsagreed to ... Secretary William S. Cohen preserves Newport News' independence and reaffirms its status ... ships. The decision also allows Newport News Shipbuilding to consummate its purchase ...
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Virginia's Newport News Shipbuilding Sees Stock Soar on Bid News.
Knight Ridder/Tribune Business News
; Knight Ridder/Tribune Business News May 8 -- Newport News Shipbuilding stock soared as much as $7.50 a share in early trading Friday as investors responded to news of Litton Industries Inc.'s unsolicited takeover offer. The ...
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Virginia's Newport News Shipbuilding to Acquire New Orleans Shipyard.
Knight Ridder/Tribune Business News
; Knight Ridder/Tribune Business News Jan. 20 -- Newport News Shipbuilding announced Tuesday that it is acquiring Avondale ... Navy's biggest shipbuilders. The deal positions the Newport News-based company as a survivor in the nation's rapidly consolidating ...
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MERGER WOULD THREATEN JOBS GENERAL DYNAMICS CORP. SAID ON FRIDAY THAT NEWPORT NEWS SHIPBUILDING WOULD BE KEPT OPEN SHOULD IT ACQUIRE THE PENINSULA SHIPYARD, BUT IT MADE NO PROMISES ABOUT WHETHER IT WOULD KEEP NEWPORT NEWS' SUBMARINE-BUILDING FACILITY AND ITS 6,000 TO 8,000 JOBS. REP. HERB BATEMAN URGES THE PENTAGON TO REJECT THE OFFER.(FRONT)
The Virginian Pilot
; ... committed Friday to keeping both Newport News Shipbuilding and Electric Boat open should ... offered $1.35 billion cash for Newport News Shipbuilding, gave no indication as to ... Island. There's zero likelihood that Newport News Shipbuilding, which employs 18,000 people ...
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Virginia-Based Newport News Shipbuilding Breaks Ground on New Center.
Knight Ridder/Tribune Business News
; Knight Ridder/Tribune Business News Mar. 10 -- NEWPORT NEWS, Va. -- Heavy, wet snow may have driven the ceremony inside a tent, but it didn't chill the enthusiasm of Newport News Shipbuilding, Navy, Virginia and city officials for the groundbreaking ...
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NEWPORT NEWS SHIPBUILDING AN IMPORTANT TANKER.(COMMENTARY)(Editorial)
The Virginian Pilot
; ... U.S. Navy. But make no mistake: Newport News Shipbuilding nonetheless had every reason ... years to slide down the ways at Newport News Shipbuilding, which is the only yard that ... carriers. With the Cold War over, Newport News Shipbuilding is learning how to produce ...
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NEWPORT NEWS SHIPBUILDING SIGNS CONTRACT FOR ATTACK SUBS.(BUSINESS)
The Virginian Pilot
; ... CHRISTOPHER DINSMORE, STAFF WRITER Newport News Shipbuilding and General Dynamics Corp ... Wednesday, adds $2.1 billion to Newport News Shipbuilding's backlog, making it $5.2 ... backlog,'' said William P. Fricks, Newport News Shipbuilding's chairman and CEO. ``All ...
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NEWPORT NEWS SHIPBUILDING REPORTS A STRONG FIRST QUARTER.(BUSINESS)
The Virginian Pilot
; ... its tanker construction program, Newport News Shipbuilding reported a first quarter profit ... cents up from 38 cents. In March, Newport News Shipbuilding set aside $150 million to ... company's chief financial officer. Newport News Shipbuilding's stock slipped 25 cents to ...
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