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NASSCO To Build Two More Sealift Ships For $436 M

National Steel and Shipbuilding Company (NASSCO) of San Diego received $436 million in contract awards from the U.S. Navy to build two additional Strategic Sealift Ships. A $265 million contract to build the first large, medium-speed, RoRo ships for the Strategic Sealift Program was awarded to NASSCO in September 1993. The most recent contracts represent the exercise of options on the second and third ships in what could potentially become a six-ship program with a total value of $1.3 billion. The engineering and planning work required to build the ships has been underway for a year. Production of the lead ship will begin in third quarter 1995 with delivery scheduled in second quarter 1997. Production of the second ship will begin in the third quarter of 1996 with delivery in the second quarter of 1998. The third ship will begin production in the second quarter of 1997 with delivery set for the first quarter of 1999. The ships will be a NASSCO design.

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