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Abstract:
The Navy has been procuring Virginia (SSN-774) class nuclear-powered attack submarines (SSNs) at a rate of one per year for the past several years. The procurement rate is scheduled to increase to 2 boats per year starting in FY2011. A total of 11 boats have been procured through FY2009. The 8 Virginia-class submarines to be procured in the 5-year period FY2009-FY2013 (boats 11 through 18) are being procured under a multiyear procurement (MYP) arrangement. The Navy's proposed FY2010 budget requests $1,964.3 million in procurement funding to complete the procurement cost of a 12th Virginia-class boat. The FY2010 budget estimates the procurement cost of this boat at $2,756.7 million, and the ship has received a total of $792.4 million in prior-year funding. The Navy's proposed FY2010 budget also requests $1,346.4 million in advance procurement (AP) funding for Virginia-class boats to be procured in future years, and $613.3 million in additional Economic Order Quantity (EOQ) procurement funding for long-leadtime items for Virginia-class boats to be procured under the FY2009-FY2013 MYP arrangement. This report will be updated as events warrant.
| Description: |
Congressional rept. |
| Pages: |
27 |
| Report Date: |
20-May-2009 |
| Report Number: |
A579005 |
Report Unavailable |
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