28 Apr '14, 10pm

US Navy Orders 10 New Submarines for Record $17.6B

WASHINGTON — The US Navy announced a record $17.645 billion contract Monday to build 10 new SSN 774 Virginia-class nuclear-powered attack submarines. The order assures prime contractor General Dynamics Electric Boat and chief subcontractor Huntington Ingalls Newport News Shipbuilding of submarine orders through 2018. The fixed-price incentive multiyear contract for 10 Block IV subs provides for two ships per year over the five-year period, each yard delivering one sub per year. The two shipbuilders share equally in a teaming arrangement to build the subs, with each yard responsible for certain portions of each hull. “The Block IV award is the largest shipbuilding contract in US Navy history in terms of total dollar value,” said Rear Adm. Dave Johnson, program executive officer for submarines at Naval Sea Systems Command (NAVSEA). It “builds upon the Virginia-class program’...

Full article: http://www.defensenews.com/article/20140428/DEFREG02/3042...

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US Navy Orders 10 New Subs for Record $17.6B vi...

defensenews.com 28 Apr '14, 10pm

WASHINGTON — The US Navy announced a record $17.645 billion contract Monday to build 10 new SSN 774 Virginia-class nuclear...

Navy orders 10 new submarines for record $17.6B

navytimes.com 28 Apr '14, 10pm

WASHINGTON — The Navy announced a record $17.645 billion contract Monday to build 10 new SSN 774 Virginia-class nuclear-po...

Navy orders 10 new submarines for record $17.6B...

navytimes.com 29 Apr '14, 1am

WASHINGTON — The Navy announced a record $17.645 billion contract Monday to build 10 new SSN 774 Virginia-class nuclear-po...

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