NASSCO Named Prime Contractor

Thursday, October 21, 1999
National Steel and Shipbuilding Company (NASSCO), a General Dynamics company, has been appointed the prime contractor on $17.4 million in research and development contracts awarded by the Maritech Advanced Shipbuilding Enterprise (ASE) program. In addition to Maritech awarded funds, industry participants will invest $23.5 million of their own funds in the projects for a total cost of $40.9 million. Leading a team of U.S. shipbuilders, marine design and technology firms and universities on two-three projects for the construction of Navy and commercial ships, NASSCO will receive about one-half of the R&D award amount, with the remainder to its research partners.

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