Wednesday, April 30, 2014

The U.S. Navy Awards A $17.6 Billion Virginia-Class Submarine Contract

North Dakota (SSN-784), the U.S. Navy's newest and most advanced nuclear attack submarine. (General Dynamics)

Navy Orders 10 Nuclear Subs For $17.6B In Most Lucrative Contract Ever -- Washington Times

The U.S. Navy plans to build 10 new SSN 774 Virginia-class nuclear-powered attack submarines over the next five years. Price tag: $17.6 billion.

A contract with General Dynamics Electric Boat and chief subcontractor Huntington Ingalls Newport News Shipbuilding was announced Monday, the Navy Times reported.

“The Block IV award is the largest shipbuilding contract in U.S. Navy history in terms of total dollar value,” said Rear Adm. Dave Johnson, program executive officer for submarines at Naval Sea Systems Command (NAVSEA), the Navy Times reported. It “builds upon the Virginia-class program’s successful Navy and industry relationship,” he added.

The Navy contract calls for two new ships per year over the next five years.

Read more ....

More News On The U.S. Navy Awarding A $17.6 Billion Contract To Build 10 Virginia-Class Submarines

Navy orders 10 new submarines for record $17.6B -- Navy Times

Navy Awards $18 Billion Virginia-Class Submarine Contract -- DoD Buzz
General Dynamics secures $17.65 billion contract -- SFGate/AP
General Dynamics, Huntington win huge U.S. Navy contract -- Reuters
U.S. Navy orders 10 more nuclear submarines -- UPI
General Dynamics Awarded $18 Billion by U.S. Navy for 10 Virginia-Class Submarines -- WSJ
USN lets contract for Block IV Virginia submarines -- IHS Jane's 360

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