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 Reporter October 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Gazprom Transgaz Ufa Organizes Arts Festival

Over 200 healthy children and children with disabilities from Bashkortostan as well as the Volga Region participated in the Breaking the Barriers second interregional children’s arts festival,

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Steven Palazzo Visits HII, Newport

Huntington Ingalls Industries today hosted Rep. Steven Palazzo, R-Miss., for a tour of the company's Newport News Shipbuilding division. Palazzo represents the fourth district of Mississippi,

Contracts

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Asia Tanker, VLCC Rates Could Climb

Charterers to release 30 Middle East VLCC cargoes next week. VLCC market buoyed by upbeat Suezmax, Aframax sectors. Rates for very large crude carriers (VLCCs)

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Salvage Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | 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: 0.4236 sec (2 req/sec)