Skip to main content

Shipyard: Contract certainty reduces sub costs

By WTOP Staff

BROCK VERGAKIS
Associated Press

NEWPORT NEWS, Va. (AP) — Company officials at Newport News Shipbuilding say the Navy will be getting ten submarines for the price of nine under their latest contract order.

Newport News Shipbuilding and its Groton, Connecticut-based partner General Dynamics Electric Boat were awarded the largest single contract in Navy history this spring.

The companies received a $17.6 billion contract to build 10 Virginia-class submarines. The companies are already building two submarines a year, but officials say having the certainty that comes with ordering 10 submarines at once allows them to drive down costs. That’s accomplished by placing bulk orders from their suppliers at reduced costs and speeding up construction, which cuts labor costs.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Emergency guide: What you should do to prepare for emergencies

By WTOP Staff
WASHINGTON — Do you know what you'd do if an emergency hits? What if you're at work, your spouse is stuck in traffic and your children are in school? There's no way to plan for every emergency, but you can make sure you're prepared for different scenarios, including making a plan for your family and building a kit of emergency supplies.
Read Next Story

Related News

Where to take the family while they visit DC

Step-by-step guide: How to make the perfect Thanksgiving pie

Fair Chance