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Navy announces Virginia class submarine contract award: Department of Defense news release (Aug. 14, 2003).(In The News)
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Program Manager
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September 1, 2003
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Copyright informationCOPYRIGHT 2003 Defense Acquisition University Press. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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General Dynamics Electric, Boat Corp., in partnership with Northrop Grummans Newport News Shipbuilding, is being awarded a block-buy contract worth up to $8.7 billion for construction of six Virginia Class submarines. Upon congressional authorization and appropriation, the contract will award one submarine per year from 2003 through 2006 and two submarines in 2007.
Speaking about the agreement, Assistant Secretary of the Navy for Research, Development and Acquisition John J. Young, Jr., said, "The Navy and industry negotiating teams have done an exceptional job." They have produced an affordable agreement that sets a realistic, achievable target price and provides fair ...
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