Military contracts help keep shipyards in operation

Shipyards that sign military contracts to build for Uncle Sam’s Navy, Coast Guard and even the Army and Air Force usually have a financial leg up over those that don’t. Many such contracts run into the millions of dollars, some into billions of dollars.

The government doesn’t just give these contracts away, however. Shipyards, building in steel or aluminum, have to learn how to deal with the military construction guidelines laid out by the government.

“If you can’t perform on a military contract...

https://www.workboat.com/news/shipbuilding/military-contracts-help-keep-shipyards-in-operation/

Leave a Comment

Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon