$1.1 Bn for FY 2006 Virginia Class Submarine Procurement

General Dynamics Electric Boat Corp. in Groton, CT received a $1.1 billion modification to previously awarded multiyear contract N00024-03-C-2101. It provides full FY 2006 funding for SSN-774 Virginia Class attack submarine construction at Electric Boat, covering work on SSN 781 (name TBD), $167.7 million in advance procurement funding for FY 2007 submarine construction [SSN 782] and $40 million in Economic Order Quantity (EOQ) funding for each of the FY 2007 and 2008 submarines [SSN 782 & 783]. Over at Military.com, Joe Buff has some kind words for the Virginia Class, and puts its intended mission and procurement program into perspective. One thing Buff didn’t cover is this submarine class’ construction program, which is highly unusual.

found at Defense Industry Daily:
http://www.defenseindustrydaily.com/2006/01/11-bn-for-fy-2006-virginia-class-submarine-procurement/index.php#more

additional link:
http://www.naval-technology.com/projects/nssn/