General Dynamics gets $1.2 bn to build 4th Virginia-class nuke sub

GROTON (BNS): The US Navy has awarded a $1.2 billion contract to General Dynamics to build the nation’s fourth Virginia-class nuclear attack submarine, SSN-787.

The contract, awarded to General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics, marks the beginning of production of two submarines per year on the Virginia-class programme, the company said. 

The release of the funding allows procurement of long lead-time components that will support the planned official construction of the yet-to-be named nuke sub later this year, it said.

Curtiss-Wright Awarded $66 Million Contract for Virginia-Class Submarine Program

PARSIPPANY, N.J. | Curtiss-Wright Corporation on Friday announced that it has been awarded a contract, that when fully funded, is expected to be in excess of $66 million to provide valves that meet the demanding needs for the next six U.S. Navy Virginia-Class submarine nuclear propulsion systems. The award from Bechtel Plant Machinery, Inc. (BPMI) is for an initial two ship-sets, with options for another four ship-sets to be funded at two ship-sets per year in 2012 and 2013. Curtiss-Wright's Flow Control segment will perform the work at its facility in East Farmingdale, NY. Delivery of these components is scheduled for the 2012 through 2018 timeframe.

General Dynamics Awarded $60 Million to Produce More Affordable Virginia-Class Submarines

General Dynamics Electric Boat has been awarded a $60 million U.S. Navy contract modification that funds continued design efforts to make Virginia-class submarines more affordable. Electric Boat is a wholly owned subsidiary of General Dynamics.

Initially awarded in 2008, the overall contract - known as Block III - calls for the procurement of eight submarines through FY 13, and has a potential value of $14 billion. The last Block III ship is scheduled for delivery in 2019.

Under the terms of the modification, Electric Boat will continue to develop and implement cost-reduction design changes, an effort called Design For Affordability (DFA). This work will enable the Virginia-class program to reduce acquisition costs by 20 percent in time for the FY 12 submarines.