Business & Finance: Renegotiation Standard

Henry J. Kaiser's Oregon Shipbuilding Corp. went through the renegotiation wringer last week. The wringer squeezed out $6,322,954 from its $23,958,504 profit on its first 181 Liberty ships. Remaining profit per ship: $25,000. The Maritime Commission declared this the standard by which all yards in the original Liberty-ship program will be renegotiated. The Commission estimates the cost of Liberties at some $157 per deadweight tons v. $255 for the Hog Islanders of World War I. Builders' profits, if kept to the Kaiser level: 1½%.


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