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March 31, 2015

BIW lands $620M Navy contract

Bath Iron Works has received a $620 million award to build one DDG-51 class destroyer — work that is part of a larger, multi-year procurement contract.

The Bangor Daily News reported that the contract began in 2013 and is expected to last until 2017. The contract calls for BIW to build five DDG-51 destroyers over five years. The latest funding supports construction for this year.

U.S. Sens. Susan Collins and Angus King announced the funding Monday. In a joint statement, they said, “The dedicated workforce of BIW delivers the highest quality ships for our nation’s sailors, making them an invaluable asset to preserving our national security. With countless threats across the globe, it’s important that the Navy preserves its combat capabilities.”

Source: Bangor Daily News

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