Thank you, Vice‑Admiral Baines.
Mr. Page, I'm trying to understand something about the Arctic and offshore patrol ships. The initial contract was for five ships, each costing $400 million. The government then ordered a sixth, but the price had doubled to $800 million. The increase is apparently due to the fact that Irving Shipbuilding is charging hundreds of millions of dollars in fees for various reasons. Now we are finding out that the project is going to cost $4.3 billion, with the pandemic and supply issues being blamed.
How is it possible that a billion dollars plus in additional fees is the result of the pandemic?
Is there a simple explanation?