Navy Awards GD BIW $610 M for Construction of DDG 51 Class Destroyer
The U.S. Navy has awarded funding for the construction of DDG 122, the Fiscal Year 2015 Arleigh Burke-class destroyer under contract at General Dynamics Bath Iron Works. This $610.4 million contract modification fully funds this ship which was awarded in 2013 as part of a multi-ship competition for DDG 51 class destroyers. The total value of the five-ship contract is approximately $3.4 billion. General Dynamics Bath Iron Works is a business unit of General Dynamics (NYSE: GD).
Fred Harris, president of Bath Iron Works, said, "This announcement allows us to continue efforts associated with planning and construction of DDG 122. We appreciate the leadership of Senators Collins and King and the strong support of our entire delegation in matters of national defense. We are grateful for their recognition of the contributions made by the people of BIW to the U.S. Navy's important shipbuilding programs."
Marine Engine Market - Global Forecast to 2020
There are currently three DDG 51 destroyers in production at Bath Iron Works, Rafael Peralta (DDG 115), Thomas Hudner (DDG 116) and Daniel Inouye (DDG 118). The shipyard began fabrication on DDG 115 in November 2011, and delivery to the Navy is scheduled for 2016. Fabrication on DDG 116 began in November 2012, and that ship is scheduled to be delivered to the Navy in 2017. Fabrication has just begun on DDG 118, the first ship of the 2013 multi-ship award.
Bath Iron Works is also building the three ships in the planned three-vessel Zumwalt-class of destroyers, Zumwalt (DDG 1000), Michael Monsoor (DDG 1001) and Lyndon Johnson (DDG 1002).
The Arleigh Burke-class destroyer is a multi-mission combatant that offers defense against a wide range of threats, including ballistic missiles. It operates in support of carrier battle groups, surface action groups, amphibious groups and replenishment groups, providing a complete array of anti-submarine (ASW), anti-air (AAW) and anti-surface (ASUW) capabilities. Designed for survivability, the ships incorporate all-steel construction and have gas turbine propulsion. The combination of the ships' AEGIS combat system, the Vertical Launching System, an advanced ASW system, two embarked SH-60 helicopters, advanced anti-aircraft missiles and Tomahawk anti-ship and land-attack missiles make the Arleigh Burke class the most powerful surface combatant ever put to sea.
Source : General Dynamics Corporation (NYSE: GD) - view original press release
Jan 30 - 31, 2017 - Rome, Italy