General Dynamics Awarded $1.2B for Second Navy Sub

Friday, April 29, 2011

The U.S. Navy has released $1.2b for the construction of the 14th Virginia-class submarine, SSN-787, to General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics (NYSE: GD).  This award marks the beginning of production of two submarines per year on the Virginia-class program.

 
The release of the funding allows procurement of long lead-time components that will support the planned official construction start later this year on the as-yet-unnamed submarine at Electric Boat and its teammate, Huntington Ingalls Industries in Newport News, Va.
 
"Today represents the culmination of an extraordinary effort by the Virginia-class team," said John D. Holmander, Electric Boat’s vice president for the Virginia Program. "From the engineers and designers who reduced the cost of the Virginia Class, to the shipbuilders who have delivered the submarines ahead of schedule and under budget, to the vendors who worked with us on cost-containment strategies, and of course the Navy, which has managed the program now recognized as a model for Pentagon procurement, this has truly been a collective effort."
 
Holmander also credited the Connecticut, Rhode Island and Virginia congressional delegations for their tireless support of the Virginia-class program, resulting in approval for the Navy to double submarine production from one to two submarines per year.
 
“This milestone is possible only because of the Connecticut, Rhode Island and Virginia delegations’ efforts to educate their colleagues on the tremendous contribution of Virginia-class submarines to the United States’ national security,” Holmander said.
 
The shipbuilding team’s attention remains focused on capturing additional efficiencies wherever possible, Holmander said.
 
"Reducing the cost of Virginia Class ships to the point where the Navy can afford to acquire two ships per year has demanded an intense process of continuous improvement," Holmander said. “Our task now is to ensure that we demonstrate additional improvement on each ship so taxpayers get the best possible return on the nation’s investment in submarines."
 
The Virginia class is the first U.S. Navy warship designed from the keel up for the full range of mission requirements in the post-Cold War era. Optimized for maximum technological and operational flexibility, these submarines play a key role in the nation's defense with their stealth, firepower and unlimited endurance.
 
Virginia-class submarines displace 7,800 tons, with a hull length of 377 feet and a diameter of 34 feet. They are capable of speeds in excess of 25 knots and can dive to a depth greater than 800 feet, while carrying Mark 48 advanced capability torpedoes, Tomahawk land attack missiles and unmanned underwater vehicles.
 
Electric Boat last received funds for two submarines in 1991, when the Navy ordered the USS Connecticut (SSN 22) and USS Louisiana (SSBN 743), the final Ohio-class ballistic missile submarine.
Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Activists Planning Protest Against Shell's Arctic Business

U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell's plans to drill for oil in the Arctic.

Protests Shut Channel Tunnel Again

The Channel Tunnel closed again on Tuesday due to protesting MyFerryLink workers, its operator Eurotunnel and French traffic supervision body Bison Fute said. The

CMA CGM, Chinese Bank in Finance Deal

French container shipping group CMA CGM said on Tuesday it will sign a $1 billion financing agreement with the Export-Import Bank of China. Marseilles-based

Shipbuilding

Technip Wins Jurong's FPSO Conversion Contract

Technip has been awarded a topsides detailed engineering and procurement services contract by Jurong Shipyard Pte Ltd. The project is part of the conversion of a shuttle tanker into a floating,

Samsung Bags Order for Decks on Johan Sverdrup

Statoil, on behalf of the Johan Sverdrup license, has awarded Samsung the contract for decks for both the process and riser platforms.  The total contract value is NOK 7 billion.

Wartsila Tunnel Thruster Gets LR Approval

Wartsila has successfully passed the final step of the Lloyd's Register (LRS) classification society's Type Approval process to obtain an LR Type Approval Certificate

 
 
Maritime Careers / Shipboard Positions Maritime Standards Offshore Oil Port Authority Salvage Ship Electronics Ship Simulators Shipbuilding / Vessel Construction 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: 0.1540 sec (6 req/sec)