US Navy reached an agreement with GD for Destroyer Deal

12:00 AM, July 27, 2011
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"The Navy has reached an agreement with General Dynamics-Bath Iron Works for pricing, terms and conditions for DDGs 1001 and 1002," Sean Stackley, the Navy's top acquisition official, said in a statement. An agreement to build the second and third DDG 1000 Zumwalt-class destroyers for the U.S. Navy was announced July 26, assuring the continuation of shipbuilding work at Maine's Bath Iron Works (BIW) shipyard and providing for the construction of all three planned ships in the class. "This is an important step in the process to ensure a fixed price contract in line with the Navy's 'should cost' estimates," Stackley said. "While we continue to complete final mechanics of the contract award, we can proceed with funding material and other work to keep 1001 and 1002 on track, until actual contract award before the end of the Fiscal Year."

US Navy reached an agreement with GD for Destroyer Deal

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