Mullen says $2 billion Virginia class price a must for two-subs goal

Article Abstract:

The US chief of naval operations Adm. Michael Mullen has stated that General Dynamics Corp. and Northrop Grumman Corp. should cut the total price of each boat to $2 billion or less if they want Navy to start buying two submarines a year. Navy would try to help the submarine builders move towards cost reduction and out of the $2.4 billion to $2.7 billion present total cost of each boat, about $1 billion is in government-supplied items such as nuclear reactors.

Facilities & equipment, Commodity & service prices, Executive changes & profiles, National Security, Dept of the Navy, US Navy, Officials and employees, Prices and rates, Equipment and supplies, Beliefs, opinions and attitudes, United States. Navy, Company pricing policy, Mullen, Michael

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General dynamics, Northrop Grumman get updated $8.4 billion subs work

Article Abstract:

General Dynamics Corp. was awarded an $8billion-plus revised version of a contract for the multi-year purchase of several Virginia class submarines. Northrop Grumman will share its work equally with General Dynamics unit, Electric boat on its Newport News shipbuilding unit.

Design and construction, Weapons industry

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