BIW Secures More Navy DDG-1000 Funding

(Press Release)
Thursday, July 28, 2011

After months of negotiations, the Assistant Secretary of the Navy, Sean Stackley, called Senator Susan Collins to tell her that the U.S. Navy and General Dynamics-Bath Iron Works (BIW) have reached an agreement for the second and third DDG-1000 that will be built in Bath. Senator Susan Collins, a member of both the Senate Armed Services Committee and the Senate Defense Appropriations Subcommittee, has always been a stalwart supporter of BIW and has fought to secure appropriate funding for the DDG-1000 program. For many months, she has actively worked to encourage the Navy to finalize these contracts in an effort to secure a steady workload at BIW.
"This is incredibly welcome news for Maine and is a testament to the highly skilled, hard-working men and women at Bath Iron Works," said Senator Collins. "My goal has always been to help ensure a steady work flow at BIW and a strong industrial base for shipbuilding. That is why, despite repeated efforts in the House to cut funding, I fought hard for full funding for all three DDG-1000 ships, and I am delighted that an agreement has been reached.
The DDG-1000 Zumwalt class of ships represents the Navy’s next generation of multi-mission surface combatants with capabilities tailored for land attack and littoral dominance that can defeat current and projected threats. According to the U.S. Navy, DDG-1000 will triple naval surface fires coverage as well as tripling capability against anti-ship cruise missiles. DDG-1000 has a 50-fold radar cross section reduction compared to current destroyers and has 10 times the operating area in shallow water regions against mines. The DDG-1000 also can operate with a significantly smaller crew, saving money in personnel costs.
“With the existing construction contract for the program’s first ship – DDG1000 – which was awarded in 2008, this agreement will bring BIW’s construction contracts for the three DDG-1000 ships to a level that will be more than $3 billion,” Senator Collins continued.

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

Contracts

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

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

Havyard to Build Hybrid Battery Arctic PSV

Norway's Havyard says it has signed a contract for the construction of a Havyard 833 WE ICE platform supply vessel with Fafnir Offshore HF. The vessel is to be

Shipbuilding

RS at SEA JAPAN 2014

Russian Maritime Register of Shipping (RS) was the only Russian company to take part in SEA JAPAN 2014 exhibition and conference – one of the major exhibitions of the maritime industry.

Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering,

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

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

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pipelines Salvage Ship Electronics 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: 0.1809 sec (6 req/sec)