Thank you, Mr. Chair.
Good afternoon, Mr. Young and Mr. Mooney. Thank you for joining us. Welcome to the committee.
I have visited the Irving shipyard. It's a large company. I was there when its workers were starting to cut the metal that would be used to build the first Arctic and offshore patrol ship, AOPS, of that series. I was able to see how it worked.
I would like to ask a very direct question. Why does Irving have exponential shipbuilding costs, much more so than other shipyards around the world?
I understand that some problems are related to COVID-19, but the pandemic has hit every part of the world. We are not talking about a cost increase in millions of dollars, but rather in billions of dollars. So it becomes a very important question.
What is the main reason Irving's shipbuilding costs are higher then anywhere else?