Word: bathing
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...time when foreign competitors have forced U.S. manufacturers to change their management styles and worry about the quality of everything from cameras to automobiles, the Bath Iron Works in Maine is doing business as usual. With abundant quantities of Yankee pride and craftsmanship, BIW's more than 6,700 employees continue to build ships under budget and ahead of schedule. That is normal for the Bath Iron Works, but it is a rarity in the defense industry, which is plagued with cost overruns...
...look at the fairness of the hull, its smoothness, which is determined by the quality of the welding. You can walk down the pier and compare the Maui with the Kauai, the ship another company built for us. You can immediately tell which is the better ship. The Bath-built hull is fairer." The Maui was also delivered five weeks before it was due, and BIW brought the ship in $3.2 million under budget...
...much it cost) and destroyers for the Navy in both world wars. From Pearl Harbor to V-J day, BIW turned out 82 destroyers, vs. 63 for Japan's entire shipbuilding industry. Only eight vessels were lost in combat, and among Navy men "Bath-built" came to mean lucky as well as seaworthy...
...late 1960s, BIW began running into two enemies that were worse than anything its warships had encountered on the open seas: poor management and inflation. A holding company called Bath Industries was formed, and in 196 it merged with Congoleum-Nairn, a firm that makes tiles, wall decorations an other surface coverings. Inflation began taking a severe toll in the recession year of 1974. BIW's fixed-price contracts did not allow for rapidly rising costs, and losses mounted sharply. On top of a $10 mllion run of red ink, BIW lost major defense contracts in the early 1970s...
...team moved swiftly The Bath Industries name waw changed to Congoleum, reflecting that company's contribution to its survival. Smaller, unprofitable companies like Coronet Manufacturing Co. and Howard Parlor Furniture Co. that had been acquired by Bath Industries were sold off. BIW aggressively went after and won a big chunk of the Navy's guided-missile frigate program, and began writing contracts with markups for increased costs...