The Navy has been procuring Virginia (SSN-774) class nuclear-powered attack submarines since FY1998. The two Virginia-class boats requested for FY2014 are to be the 19th and 20th boats in the class, and the first two in a 10-boat Virginia class multiyear-procurement (MYP) contract for the period FY2014-FY2018. Congress granted authority for this MYP contract as part of its action on the FY2013 Department of Defense (DOD) budget. The Navy's FY2013 budget submission had projected one Virginia-class boat in FY2014. Congress, as part of its action on the FY2013 DOD budget, added AP funding in FY2013 to support the procurement of a second Virginia-class boat in FY2014. The Navy's inclusion of a second Virginia-class boat in FY2014 (which increases from 9 to 10 the number of boats in the FY2014-FY2018 MYP contract) follows through on this congressional action. The Navy's proposed FY2014 budget estimates the combined procurement cost of the two boats requested for FY2014 at $5,414.2 million. The two boats have received a total of $1,530.8 million in prior-year advance procurement (AP) funding (although this figure may be reduced by the March 1, 2013, sequester), leaving another $3,883.4 million to complete the funding for the two boats.
Navy Virginia (SSN-774) Class Attack Submarine Procurement: Background and Issues for Congress. Updatd September 27, 2013
2013
31 pages
Report
Keine Angabe
Englisch
Business & Economics , Marine Engineering , Public Administration & Government , Logistics Military Facilities & Supplies , Attack submarines , Naval procurement , Nuclear powered submarines , Boats , Congress , Contracts , Costs , Legislation , Military budgets , Navy , Multiyear Procurement(MYP) , Virginia(Ssn-774) class