Navy Destroyer Contracts for HII & BIW

MarineLink.com
Monday, March 17, 2014
DDG 51: Photo credit USN

The Navy has announced two separate contract awards for Fiscal Year (FY) 2014 DDG 51 destroyers to Huntington Ingalls Industries (HII) and to General Dynamics Bath Iron Works (BIW). Details as follows:

Huntington Ingalls Industries
Is being provided funding of $601,990,190 for the FY 2014 DDG 51 class ship and exercised options. The modification also provides $79,400,000 in advanced procurement funding for the FY 2016-2017 ships.

General Dynamics Bath Iron Works
Is being awarded a $642,583,946 modification to their existing fixed-price incentive firm target (FPIF) contract to exercise options for construction of a DDG 51 Class ship. The modification also provides $79,400,000 in advanced procurement funding for the FY 2016-2017 ships. 


The Navy explains that these awards bring the total number of awarded ships to 10 across the FY 2013-2017 MYP contracts, stabilizing the industrial base and increasing Economic Order Quantity (EOQ) savings to the Navy. The Navy successfully worked with Congress to resolve funding shortfalls resulting from sequestration reductions before contracting for the option ship.

"These awards demonstrate the Navy's commitment to instilling the tenants of Better Buying power in our acquisition programs," said Sean Stackley, assistant secretary of the Navy for research, development and acquisition. "By successfully leveraging competition throughout the DDG 51 shipbuilding program, the Navy was able to apply the cost savings and procure one additional ship, delivering a vital warfighting asset to the Fleet." 


The destroyers are being procured in a Flight IIA configuration, relying on a stable and mature infrastructure while increasing the ship's air and missile defense capabilities through spiral upgrades to the weapons and sensor suites. 


Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

NSRP Risk Management Panel and SCA Joint Meeting

The National Shipbuilding Research Program (NSRP) Risk Management Panel will be meeting jointly with the Shipbuilders Council of America (SCA) November 5-6, 2014 in Virginia Beach, Va.

WEG to Showcase Drive Solutions at SMM

WEG, a global supplier of drive systems, will showcase its range of systems for the shipbuilding and offshore industry at this year’s SMM (Shipbuilding, Machinery & Marine Technology Fair) in Hamburg.

Kirby Reports Record Q2 2014

Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability.

Contracts

Former MSC Manager Sentenced on Bribes Charges

Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.

Vale Profit Falls Amidst Record Output

Brazilian miner Vale SA posted a sharp decline in profit from the previous quarter as lower iron ore prices undermined record production of the steel-making ingredient.

Kurdish Crude Lightered, Destination Unknown

Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the

Shipbuilding

NSRP Risk Management Panel and SCA Joint Meeting

The National Shipbuilding Research Program (NSRP) Risk Management Panel will be meeting jointly with the Shipbuilders Council of America (SCA) November 5-6, 2014 in Virginia Beach, Va.

Scottish Sea Farms Takes New Vessel Delivery

Scottish Salmon Farms has taken delivery of its latest vessel – powered by twin Doosan V158TIH main engines supplied by WaterMota.   Designed by consultant naval

Fincantieri to Build Third New Princess Cruises Ship

Fincantieri says it has signed an agreement with Carnival Corp. to build  the new cruise ship for its Princess Cruises brand at a cost of about 600 million euros.

Navy

Video: RIMPAC 2014 Ships Underway

The U.S. Navy posted a video showing Rim of the Pacific (RIMPAC) Exercise 2014 operations underway. Watch as 42 ships and submarines representing 15 international

Today in U.S. Naval History: July 31

Today in U.S. Naval History - July 31 1815 - Commodore Stephen Decatur concludes agreement with Bey of Tunis to compensate U.S. for seizure of merchant ships during the War of 1812.

Montreal Could Become an Oil Export Hub

Montreal has emerged as an export base for Western Canadian heavy sour crudes as prospects to construct new pipelines to the British Columbia coast, Eastern Canada and U.

Finance

Kurdistan Says Crude Cargo Near Texas Legally Sold

A $100 million cargo of crude oil in a tanker near Texas was legally shipped and sold by Kurdistan, lawyers for the autonomous region in Iraq told a U.S. court in a letter seen on Thursday,

Kirby Reports Record Q2 2014

Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability.

UK Oil Imports Exceed Exports for First Time in 30 Years

Britain imported more oil products than it exported last year for the first time in 30 years, an official report shows, and analysts say the country is likely to

 
 
Maritime Security Maritime Standards Offshore Oil Pipelines Port Authority Salvage Ship Repair 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: 0.1762 sec (6 req/sec)