June 20, 2018 | International, Naval
James LaPorta
June 19 (UPI) -- The Department of Defense has awarded a contract to General Dynamics Electric Boat for work on the next nine Virginia-class attack submarines.
The contract award from Naval Sea Systems Command, announced Monday, is worth $225 million under the terms of cost-plus-fixed-fee contract, which is a modification to a previous Pentagon award, the Defense Department said.
The deal will see General Dynamics provide economic ordering quantity material -- parts ordered ahead of time -- for the next nine Virginia-class, nuclear-powered fast attack submarines, for work in fiscal 2019 through 2023.
The nine vessels are part of the Block V generation of the Virginia class. The first four have been ordered by the U.S. Navy already, with General Dynamics set to construct SSN-802 and SSN-803 and Huntington Ingalls Industries tapped for SSN-804 and SSN-805.
Work on the contract will occur in various locations throughout the United States and is expected to be complete in January 2019.
The total cumulative value of the contract will be obligated to General Dynamics at time of award -- the obligated funds will be allocated from Navy fiscal 2018 shipbuilding and conversion accounts and will not expire at the end of the current fiscal year, said the Pentagon press release.
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