NASSCO Gets $60M for 3rd MLP Long-Lead Materials

Friday, July 01, 2011

General Dynamics NASSCO announced it has received a $60m contract from the U.S. Navy to purchase long-lead materials for the construction of a third Mobile Landing Platform (MLP) ship. NASSCO is already under contract to build two MLP ships. With this new contract, NASSCO will place orders for the ship’s engines and other components that have significant manufacturing lead times. A contract that fully funds construction of the third MLP ship is expected to be awarded by early next year. General Dynamics NASSCO is a business unit of General Dynamics (NYSE: GD).

The MLP is a new class of auxiliary ship for the Navy. Once delivered, MLP ships will join the three Maritime Prepositioning Force squadrons that are strategically located around the world to enable rapid response in a crisis. MLP ships will be 765 feet in length and 164 feet in beam, with a design draft of 29 feet. The deadweight tonnage is in excess of 60,000 metric tons.

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