Navy awards two-ship Virginia-class submarine contract modification
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Naval Sea Systems Command has awarded a two-ship contract modification on the existing Virginia-class submarine Block V contract to General Dynamics Electric Boat <\/a>(GDEB) for the construction of two FY 2024 Virginia-class submarines.<\/p>\n The award continues the Virginia-class submarine teaming arrangement between prime contractor GDEB in Groton, Conn., and the major subcontractor Huntington Ingalls Shipbuilding, Newport News Shipbuilding (HII-NNS) in Newport News, Va. To date, the Navy has taken delivery of 24 Virginia-class submarines, with an additional 16 now under contract.<\/p>\n General Dynamics Electric Boat Corp. is being awarded $12,418,145,463, and if all options are exercised the total value will be $17,152,265,971; and Huntington Ingalls Inc., Newport News Shipbuildin<\/a>g, is being awarded $1,293,694,000. These contracts include options thar, if exercised, would bring the cumulative value of the contract change to $18,445,959,971. The awarded amounts include previously announced material awards (including long lead time material and economic ordering quantity material) totaling $2,103,896,000.<\/p>\n \u201cWe recently re-negotiated the planned contract to deliver this critical capability, and appropriately share risk between the Navy and industry,\u201d said Secretary of the Navy John C. Phelan. \u201cWe will be looking at all future contracts with a similar lens to ensure the appropriate level of risk sharing and value to the American taxpayer.\u201d<\/p>\n Contract modifications were also awarded to both GDEB and HII-NNS, to increase workforce support and investment across nuclear shipbuilding programs.<\/p>\n \u201cBy investing in the nuclear shipbuilding workforce\u2014which is a national strategic asset\u2014we are working with our industry partners to deliver on this most critical future requirement,\u201d said Dr. Brett Seidle, acting Assistant Secretary of the Navy for Research, Development & Acquisition.<\/p>\n \u201cThe contract award is the result of a highly coordinated contracting effort across the nuclear shipbuilding enterprise, to promote stability at critical suppliers as the submarine industrial base ramps up to meet a historic increase in demand for submarine production,\u201d said Program Executive Officer, Attack Submarines, Rear Adm. Jon Rucker. \u201cWe are continuing to work closely with the shipbuilders to improve construction schedules to support the Navy\u2019s need for a larger more lethal force.\u201d<\/p>\n The post Navy awards two-ship Virginia-class submarine contract modification<\/a> appeared first on Marine Log<\/a>.<\/p>\n<\/div>\n