Navy Awards $288M Contract to NASSCO

Monday, July 21, 2003
National Steel and Shipbuilding Company (NASSCO), announced that the U.S. Navy has exercised an option to build a fourth ship for the T-AKE program, a new class of combat logistics force ships, at a contract value of $288 million. The company was awarded a $709 million contract in October 2001 for the design and construction of the first two ships in the T-AKE program. The Navy exercised its option for the third ship, to be built at a value of $290 million, in July 2002. With exercise of the fourth ship option, the total value of the program is $1.3 billion. NASSCO's T-AKE contract has options exercisable by the Navy for eight additional ships over the next five years, for a potential contract value of approximately $3.7 billion. Functional design work on the T-AKE 1, which has been designated the Lewis and Clark class, is approximately 90 percent complete. Construction of the first ship will begin in September with delivery scheduled for 2005. "The T-AKE is the first new Navy combat logistics force ship design in almost 20 years and is the first to combine lower-cost commercial design rules and specifications with high-performance, proven international marine technologies such as integrated electric-drive propulsion," said Richard Vortmann, president of NASSCO. "The T-AKE will benefit directly from NASSCO's ongoing commercial shipbuilding programs and its long history of building auxiliary and support ships for the Navy," he added.

Maritime Today

The Maritime Industry's original and most viewed E-News Service

Maritime Reporter November 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

CMA CGM Seeking Funds for NOL Takeover

France’s CMA CGM has approached banks to finance its potential takeover bid for Singapore’s Neptune Orient Lines Ltd (NOL), reports Bloomberg.   The world’s No.

Wärtsilä Strengthens Its Position in China with New Propulsion Orders

Two new marine geological research vessels under construction in China will feature a broad scope of Wärtsilä engines and propulsion equipment. Wärtsilä has maintained

Gulf and Hendry Marine Consolidate Operations

Gulf Marine Repair Corporation, a southeastern tug-barge shipyard, announced it is consolidating operations with Hendry Corporation, its affiliated company and fellow shipyard,


Green Signal to New Access Channel to Port Said East

The construction of a wide access channel to Port Said East, as the side channel project, has officially received approval.   The head of the Suez Canal Authority (SCA),

VT Halter Launches Barge for Bouchard

VT Halter Marine, Inc. (VT Halter Marine), a company of Vision Technologies Systems, Inc. (VT Systems) and Bouchard Transportation Co. announced that Barge B. No.

Fugro to Survey off Equatorial Guinea

Fugro has been awarded a contract by Ophir Equatorial Guinea (Block R) Limited for the provision of survey services for the development of large scale assets and

Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Port Authority Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1019 sec (10 req/sec)