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

Keel-Laid for Navy's 10th LCS at Austal Yard

The Navy and Austal USA held a keel-laying ceremony for the future 'USS Gabrielle Giffords', the Navy's 10th littoral combat ship (LCS), in Mobile, Ala., informs

NATO to bolster defence of E.European Allies

NATO is sending part of its naval rapid reaction force to the Baltic Sea as part of a drive to step up the defence of eastern European allies in response to the crisis in Ukraine,

UN Seeks Sanctions Waiver to Ship Arms to Mali

The United Nations is seeking an exemption from a U.N. Security Council arms embargo on Ivory Coast so it can ship weapons and military equipment across the East

Finance

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

Canaveral Tops State List for Sand Bypass Funding

The Canaveral Harbor Inlet Sand Bypass Project has earned the top state ranking for 2014/15 inlet management funding. As a result, Port Canaveral is expected to receive $100,

Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type,

 
 
Maritime Contracts Offshore Oil Pipelines Pod Propulsion Port Authority Salvage Ship Repair Ship Simulators 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: 0.1093 sec (9 req/sec)