"Lets See How Long It Takes Obama's Crew To Cancel These submarines ?"
Groton- The Navy awarded Electric Boat a $14 billion contract to build the next eight Virginia-class submarines Monday, the largest submarine purchase in U.S. history.
“I can’t describe how good it feels,” EB President John P. Casey said in a telephone interview from Washington, D.C. “Words won’t do it.”
Under this multi-year agreement, Electric Boat and Northrop Grumman Newport News in Virginia will build one ship per year in 2009 and 2010 and two ships per year from 2011 through 2013, a production increase that starts a year earlier than the Navy originally planned.
EB and Newport News jointly produce one submarine a year. In 2005, Navy officials told the shipyards that they could order more submarines if the price for each was pared down from $2.4 billion to $2 billion in fiscal 2005 dollars by 2012.
That goal has been met by redesigning portions of ship, shortening the construction span for each submarine from 84 months to 60 months and buying materials in bulk, said Alan Baribeau, a Navy spokesman.
The contract immediately provides $2.4 billion to build SSN-784, the North Dakota, as well as funding for the long-lead materials for SSN-785, for parts for SSN-785 through SSN-791 and for additional cost-reduction design changes.
Electric Boat and Newport News have already delivered five Virginia-class submarines to the Navy, the USS Virginia, USS Texas, USS Hawaii, USS North Carolina and USS New Hampshire. Both the North Carolina and New Hampshire were commissioned this year because the New Hampshire was finished eight months ahead of schedule.
The Navy currently plans to build 30 Virginia-class submarines to replace the aging Los Angeles class.
Casey said the company will continue to find ways to cut costs and the construction schedule.
“This is just the beginning,” he said. “We will all take a deep breath, celebrate for a couple of weeks and then it’s back to work.” http://www.theday.com/re.aspx?re=85c...9-5fce9d931251