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NASSCO Gets $578M Option T-AKE’s

Maritime Activity Reports, Inc.

January 28, 2004

National Steel and Shipbuilding Co. San Diego, Calif., is being awarded a $578,206,817 fixed-price-incentive modification under previously awarded contract (N00024-02-C-2300) to exercise options for design and construction of the fifth and sixth ships in the Dry Cargo/Ammunition Ship (T-AKE) Class. This modification will provide for full funding of the detailed design and construction of the fifth and sixth ships of the T-AKE 1 Class. Work will be performed in San Diego, Calif., and is expected to be completed by July 2007. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington Navy Yard, Washington, D.C. is the contracting activity.
The orderbook for U.S. dredgers is about $3B, and according to DCA CEO Bill Doyle, the incoming political administration could help this niche maritime sector continue its bull run.
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