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April 21, 2010

BIW nets $16M for destroyer work

By The Mainebiz News Staff

Bath Iron Works has been awarded nearly $16 million for advance work on the second ship in the new DDG-1000 destroyer class.

The Navy on Monday awarded BIW $15.96 million for construction materials for the second ship in the class, according to The Times Record. The first DDG-1000 destroyer was awarded to BIW in February 2008 and is currently under construction. The final price tag is estimated to be $1.4 billion. The second ship is expected to cost less as the shipyard develops efficiencies in the process, a Navy analyst told the paper.

Defense Secretary Robert Gates last year announced that BIW would build all three ships in the DDG-1000 class. The full contract for the second ship is expected to be awarded later this summer.

Go to the article from The Times Record >>

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