NASSCO Books $30M Deal

Friday, August 08, 2003
National Steel and Shipbuilding Company (NASSCO), a wholly owned subsidiary of General Dynamics, received a contract from the U.S. Navy for the continuous maintenance, repair, and alterations of the five FFG-7 Oliver Hazard Perry class frigates homeported in San Diego. The contract, including the initial year and four one-year options, has an approximate value of $30 million. Advance planning activities will start immediately to support the first repair and maintenance availability for the USS Curts (FFG-38) in September 2003. If all the options are exercised, 11 ship maintenance availabilities including four drydockings will be performed over the next five years. "With this FFG-7 class frigate contract, depot level maintenance and repairs on all Navy surface ships in San Diego are now conducted under multi-ship, multi-year contracts with the major ship repair companies," said Richard Vortmann, president of NASSCO. "These long-term contracts have proven to be a win-win for the Navy and the ships' crews as well as for private industry. For the Navy, ship maintenance and maintenance planning can be performed on a continuous basis, and the lessons learned from one maintenance availability or ship alteration are applied to the next. This saves the Navy both time and money and improves fleet readiness and response. For industry, we can plan our production work and order material in a timely manner. We also establish long-term relationships with the vital subcontractors in the area who perform much of the work in their own areas of expertise and specialization," he added. In addition to the FFG-7 contract, NASSCO (www.nassco.com) has long-term maintenance contracts on all the LHA and LHD, CG-47 and DD-963 class ships homeported in San Diego. NASSCO is both a new construction and repair shipyard and is now building the second of two roll-on/roll-off trailerships and four double-hulled crude oil tankers for service to and from Alaska. In September, NASSCO will begin construction on the first of 12 new T-AKE dry cargo/ammunition ships for the U.S. Navy. The company employs approximately 3,500 people at its San Diego facility.
Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

K-Line Executive Pleads Guilty to Price Fixing

An executive of Japan-based Kawasaki Kisen Kaisha Ltd. (K-Line) was sentenced to 18 months in a U.S. prison after pleading guilty to his involvement in a conspiracy to fix prices,

Steady Growth Reported by the Swedish Club

The Swedish Club reported a solid operating result to its board today, continuing a record of building on steady growth. 2014 was seen as a stable year, where

Helios LPG Pool to Start Operating

Dorian LPG Ltd. today announced the commencement of operations of Helios LPG Pool LLC on April 1st, 2015.  Helios LPG is jointly run by Dorian LPG and Phoenix Tankers Pte.

Navy

Indonesia Partners with China on Maritime

Indonesian President Joko “Jokowi” Widodo and Chinese President Xi Jinping pledged increased maritime cooperation during the formers visit to China.   The joint

China Strengthens Maritime Ties with Pak

The Vice Chairman of China's Central Military Commission General Fan Changlong has pledged to deepen maritime security and military technology cooperation during

17 Countries for Maritime Security Training in Indonesia

Representatives from 17 countries would take part in the sixth Maritime Security Desktop Exercise that is scheduled to be held in Yogyakarta, Indonesia from March 30 to April 1.

 
 
Maritime Contracts Naval Architecture Navigation Offshore Oil Port Authority Ship Repair Ship Simulators Shipbuilding / Vessel Construction 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: 0.3576 sec (3 req/sec)