Northrup Grumman Awarded $374m Contract

Sunday, January 18, 2009

Northrop Grumman Corporation (NYSE:NOC) received a $374m cost type contract award for construction preparation of the nuclear-powered aircraft carrier CVN 79. The carrier, which has yet to be been named, is the second ship of the Gerald R. Ford class.

The company's Shipbuilding sector will perform the work in Newport News, Va., which includes design efforts, planning and the procurement of long lead-time material such as propulsion machinery. The 21-month contract also provides for continued research and development efforts with key suppliers. Approximately 300 people will be supporting this project by the end of its first year.

"Being awarded the contract for CVN 79 while we are in the early stages of construction on the first ship of the class is beneficial to both the Navy and our shipbuilders," said Mike Shawcross, vice president for Northrop Grumman Shipbuilding's Gerald R. Ford-class program. "We have an experienced team who has been working on the lead ship's construction preparation contract since 2004 and began full construction last year. We will be able to take their experience and lessons learned and efficiently apply them to the CVN 79."

The Gerald R. Ford (CVN 78) class will continue the legacy of U.S. Navy aircraft carrier ship platforms. Enhancements being incorporated into the design include flight deck changes, improved weapons handling systems, and a redesigned island, all resulting in increased aircraft sortie rates. It will also include a new nuclear power plant; increased electrical power generation capacity; allowance for future technologies; and reduced workload for the sailors, translating to a smaller crew and lower operating costs for the Navy.

The full scale construction contract for CVN 79 is expected to begin in 2012.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Baltic Index up for Third Straight Session

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments.

Asia Tankers-VLCC Rates to Climb Slowly

Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers

BIMCO Launches New Standard Agreements for Novation of Shipping Contracts

BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract.   Two of the agreements

Shipbuilding

Conrad Shipyard Forms LNG Business Unit

Conrad Shipyard has formed a new business unit focused on LNG projects.   Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery,

Prince Charles Places Final Section of UK Aircraft Carrier

The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales,

RS Rules Conform to the IMO Goal-based Standards

The rules of the Russian Maritime Register of Shipping are in conformity to the International Maritime Organization (IMO)goal-based standards (GBS), the IMO’s Maritime

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Simulators 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: 0.0811 sec (12 req/sec)