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 May 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NASSCO Lays Keel for Jones Act Tanker Liberty

U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a

DSC Dredge Receives President’s E-Star Award

DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports.   In a ceremony held on May 16, 2016, at the U.S. Department

TT Club Reports Robust Financial Results for 2015

TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year.   Knud Pontoppidan,

Contracts

Diana Charters Out Two Bulkers

Diana Shipping Inc. today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Bunge S.A., Geneva, for one of its Panamax dry bulk vessels,

Haven Marine Signs Service Contract with Svitzer

Haven Marine Services informs it has signed a five year contract with Svitzer which will see the yard service the requirements of Svitzer’s vessels within the Bristol Channel and Irish Sea areas.

Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction Sonar 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: 0.0946 sec (11 req/sec)