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| Press Release August 17, 1998 |
On August 17, the Navy awarded a $68.5 million contract to the DD 21 Shipbuilder Alliance for Phase I system concept design work in the DD 21 Destroyer Program. The Alliance comprises Bath Iron Works (BIW) and Ingalls Shipbuilding division of Litton Industries, located in Pascagoula, Mississippi. These companies have been designated as the two DD 21 shipbuilders, with BIW serving as the Alliance prime contractor for the first phases of the Program.
In June, the Navy announced that Ingalls and BIW will produce the 32 ships in the DD 21 Program, following a concept design competition. The Alliance submitted a plan to the Navy which established two competing design teams of shipbuilders and systems integrators: one consisting of Ingalls and Raytheon Systems Company, a unit of Raytheon Company, and another consisting of BIW and Lockheed Martin. As a result this award, each team will receive approximately $34 million to perform the Phase I design work.
The Alliance and its two teams will receive additional funding for later design phases leading up to selection of the winning concept and construction of the lead ship. Actual construction of the DD 21s by BIW and Ingalls will start in FY 2004.
Bath Iron Works of Bath, Maine, a leader in surface combatant design and construction, employs 7,700 people. It is a subsidiary of General Dynamics (NYSE:GD), headquartered in Falls Church, Virginia. General Dynamics has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The company employs 43,000 people worldwide and has annualized sales of approximately $10 billion. More information about General Dynamics can be found on the worldwide web at www.generaldynamics.com.
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