BIW awarded funding for construction of new ship
Bath Iron Works has secured $644 million from the U.S. Navy to fund the design and construction of yet another Arleigh Burke-class destroyer under a contract that was previously awarded to the ship builder for the construction of five ships between 2013 and 2017.
“We have long encouraged the Navy to pursue multi-year procurement contracts for DDG-51 destroyers. These contracts are among the most effective tools in helping to keep costs low and our Navy strong,” U.S. Sens. Susan Collins and Angus King said in a joint statement. “We are pleased to announce that the projected savings from this procurement strategy is an impressive $2.2 billion.”
The senators secured the funding for the construction of the ship in December 2015 when the 2016 omnibus appropriations bill was signed into law. In the release announcing the funding, King and Collins said that Navy identified the $433 million cost of the ship as the No. 2 priority in its 2017 unfunded priority list.
“With countless threats across the globe, the value and importance of our naval assets to security and stability have never been greater,” said Collins and King in the release. “We will continue to work closely with the Administration to preserve the strength and combat capabilities of our Navy.”
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