Link: Coast Guard Cancels Contract - washingtonpost.com.
The Coast Guard took the unusual step yesterday of canceling a troubled $600 million patrol boat program, saying the service could manage the effort more efficiently than two of the nation's largest defense contractors.The Coast Guard had given Lockheed Martin and Northrop Grumman broad latitude to develop the Fast Response Cutter, shifting significant control to the contractors. But the effort stalled after concerns emerged last year about the design of the vessel. By managing the work itself and rebidding the development work, Coast Guard officials estimated they would save enough money to buy an extra ship and address a patrol boat shortage by getting ships built faster.
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