This article evaluates the risk and reward experience of the U.S. shipbuilding industry with government contracts. Risk and reward are considered from the viewpoint of the contractor. Concentration is therefore placed on financial risk, the underlying factors which create financial risk, the sharing of such risk between the contractor and the government, and the relationship between risk and reward in industry. The contractor's risk can be defined as the inability to project the level of future rewards with certainty. Profit is only one measure of this reward. Equally important to a corporation is the ability to project future cash flows.

Media Info

  • Pagination: p. 46-55
  • Serial:
    • Volume: 101
    • Issue Number: 8870

Subject/Index Terms

Filing Info

  • Accession Number: 00099061
  • Record Type: Publication
  • Source Agency: United States Naval Institute
  • Files: TRIS
  • Created Date: Aug 27 1975 12:00AM