Word: contracting
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Dates: during 1960-1969
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...Niemans won after claiming a 3-point penalty when the CRIMSON failed to provide free beer at a post-game gathering as required in the original contract. The Nieman vote to accept the definitive three points passed 8-7; Larry L. King cast the deciding vote. "It was a team victory." King modestly said in accepting the Most Valuable Player award...
...Huge and highly advanced amphibious landing craft, each equipped with a below-deck unloading ramp and a helicopter flight deck, will be built by Litton Industries' Ingalls division at Pascagoula, Miss. Last May the company signed a $1 billion contract for nine vessels. Costs have already escalated, largely because of design changes. The first ship alone will cost $185 million, compared with the $143 million appropriated for it last year...
...nuclear-powered carrier Nimitz, now under construction at Newport News, Va., was estimated to cost $427 million when work began in mid-1968. Design was not complete when the contract was signed. Some deliveries of parts were late, and the builder's costs went up. Overruns now exceed $116 million, and the Navy has no choice but to settle up. Newport News Shipbuilding and Dry Dock Co., owned by the Houston-based conglomerate Tenneco, is the only yard in the U.S. big enough to put together carriers of the Nimitz class...
...Assault ships, designed to launch landing craft and helicopters, are being built at Lockheed's Seattle yard. The seven ships were priced at $25 million each when the contract was signed in 1963. There have been many design changes, late delivery of gear, and the usual toll of inflation. Lockheed has not yet submitted its claim for what promises to be a large overrun, and the Navy is keeping its own estimate secret-while budgeting for the assault ships in its total overrun account...
Canada will continue to be the world's main supplier for the next few years, but enough new sources will be opened up by the mid-1970s to reduce the leverage of the Ontario unionists, who have a habit of striking at the expiration of each three-year contract. Inco has acquired concessions in Guatemala and Indonesia. The French firm of Le Nickel is mining in New Caledonia. Most important, recent discoveries show that Western Australia may some day rival Ontario as a "nickel province." For the moment, however, anyone who has a source of nickel can make...