Lexington COO Loren Thompson was quoted in a recent DefenseNews article regarding the strike taking place at Bath Iron Works in Maine. Bath Iron Works, one of the Navy’s five largest shipbuilders, is facing its first strike in 20 years after the shipbuilders’ union tuned down BIW’s new three-year contract proposal.
The strike comes at a challenging time for BIW, as they were already six months behind on ship construction. As competition for building contracts continues to grow and negotiations to resume production stall, Dr. Thompson expressed concern over BIW’s ability to remain competitive. He expressed the main concern of management saying BIW is “afraid that they’re going to price themselves out of the market”.
Read the full article here.
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