22 Dec '12, 12am

Close to $4 BILLION in new defense contracts announced yesterday #MilitaryIndustrialComplex

Electric Boat Corp., Groton, Conn., is being awarded a $1,848,606,051 cost-plus-fixed-fee with special incentives contract for design work and products for the new class of ballistic missile submarines. This contract includes foreign military sales to the United Kingdom (U.K.) (8 percent). This contract includes design work for the Ohio Replacement program and continues the design and development of the joint U.S. Navy/U.K. Common Missile Compartment; shipbuilder and vendor component and technology development; engineering integration; concept design studies; cost reduction initiatives using a design for affordability process; and full scale prototype manufacturing and assembly. Additionally, this contract provides for engineering analysis, should-cost evaluations, and technology development and integration efforts. Other efforts contemplated under this contract include th...

Full article: http://www.defense.gov/contracts/contract.aspx?contractid...

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