Guidance Needed on Navy’s Use of Investment Incentives at Private Shipyards

This performance audit identified investments in facilities and equipment at privately-owned shipyards, determined the Navy's role in financing facilities and equipment investments at these shipyards, and evaluated how the Navy ensures investments result in expected outcomes. The GAO recommended that the Navy develop a policy that identifies the intended goals and objectives of investment incentives, criteria for using incentives, and methods for validating outcomes.