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Multiyear Procurement Contracts

All articles tagged with #multiyear procurement contracts

defense2 years ago•2 min saved

"Navy Secures Five-Year Contracts for Nine Arleigh Burke Destroyers"

The U.S. Navy has awarded multiyear procurement contracts for nine Arleigh Burke class destroyers, with six going to HII's Ingalls Shipbuilding and three to General Dynamics' Bath Iron Works. The contracts cover fiscal years 2023 through 2027 and include options for additional ships. The value of the contracts was not disclosed. The cost of the ships has increased since the previous contract, with the Navy planning to spend $7.87 billion in FY23 for three ships. The multiyear procurement approach is expected to save $830 million.

via Defense News|

#arleigh-burke-class-destroyers #defense #general-dynamics-bath-iron-works

defense2 years ago•3 min saved

Bath Shipyard Secures Multiyear Deal to Construct 9 Destroyers, Navy Keeps Pricing Confidential

The US Navy has awarded multiyear procurement contracts to Huntington Ingalls Industries (HII) and General Dynamics Bath Iron Works to build a total of nine Arleigh Burke-class destroyers. The contracts, which run from fiscal 2023 through 2027, do not disclose the value due to potential competition between the two firms for additional vessels. The Navy saved $830 million by purchasing the ships upfront through a multi-year contract deal. The Arleigh Burke-class destroyers are the backbone of the Navy's surface fleet, and HII and Bath Iron Works have collectively built the entire fleet.

via Breaking Defense|

#arleigh-burke-class-destroyers #defense #general-dynamics-bath-iron-works