Northrop Grumman Gets $154.9M Navy Deal

Wednesday, June 06, 2001
The U.S. Navy awarded Ingalls Shipbuilding, a Northrop Grumman company, a $154.9 million contract to begin advance procurement of materials for the construction of future DDG 51 Class Aegis destroyers. The contract is to purchase a variety of DDG class equipment items for three additional Aegis destroyers authorized by Congress. Actual ship construction contracts are to be awarded to Ingalls and Bath Iron Works in a single, multiyear procurement process to be conducted later this year. The multiyear procurement plan calls for a total of six ships -- three to Bath, three to Ingalls -- with funding scheduled during a three-year period from the 2002 through 2004 fiscal years. The advanced procurement plan, the Economic Order Quantities, allows both shipbuilders to place orders for equipment for all ships authorized during the three-year period. This process allows the shipbuilders and their suppliers to plan for multiship procurement, saving millions of dollars. This material procurement contract funds the advance purchase of long-lead time equipment such as engines, gears, generators, air conditioners and other major items. Since 1987, Ingalls has been awarded contracts to construct 24 Aegis destroyers and has delivered 14 of the ships to the Navy a combined 61 weeks ahead of schedule. "This procurement contract marks the continuation of a very efficient approach toward the construction of these vital ships for the Navy," said Jerry St. Pe, chief operating officer of Northrop Grumman Ship Systems. "Efficiency in building these destroyers, an area in which Ingalls has excelled, provides the means to build these ships in the numbers necessary to fully support the Navy's missions."
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Navy

US Navy Completes Korea Ferry SAR Mission

With concurrence from South Korean commanders, the U.S. Navy amphibious assault ship USS Bonhomme Richard (LHD 6) is departing waters around Jindo, South Korea

Today in U.S. Naval History: April 23

Today in U.S. Naval History: April 23 1917 - Launching of USS New Mexico, first dreadnought with turboelectric drive 1918 - USS Stewart destroys German submarine off France 1945 - In only U.

CNR: Innovation Maintains US Naval Advantages

An interview with Rear Adm. Matt Klunder, U.S. Navy Chief of Naval Research What are your near term, mid-term and long term science and technology (S&T) objectives?

Finance

Mitsui O.S.K. Ship Ready To Leave Chinese Port

Japanese shipping firm Mitsui O.S.K. Lines Ltd said on Thursday that its ship, the "Baosteel Emotion" 226,434 deadweight-tonne ore carrier, is ready to leave

Peel Ports Signs £100M Contract For Cranes For New Liverpool Terminal

Peel Ports Group has signed a multi-million pound deal with Shanghai-based Zhenhua Heavy Industries Co. (ZPMC) for 17 ‘mega cranes’ for its new £300m Liverpool2 container port.

Baker Hughes Announces Q2 Conference Call

Baker Hughes Incorporated (NYSE: BHI) announced today that it has scheduled a conference call on Thursday, July 17, 2014, to discuss results for the second quarter 2014, ending June 30, 2014.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Electronics Ship Repair Shipbuilding / Vessel Construction
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: 0.1059 sec (9 req/sec)