Navy awards over $800 million in additional funding

The US Navy has awarded Northrop Grumman and General Dynamics more than $400 million each in additional funding to build DDG-51 class destroyers.

Northrop Grumman will receive extra funding of more than $401.5 million for the construction of destroyer DDG 105. Northrop Grumman’s Ship Systems sector was awarded an initial $1.9 billion contract in September 2002 to construct DDG 105, which is scheduled for completion in 2008.

‘This funding for DDG 105 continues to demonstrate the Navy’s confidence in the quality and professionalism Northrop Grumman Corporation has consistently delivered through the history of the Aegis destroyer program,’ said Dr. Philip A. Dur, Northrop Grumman corporate vice president and president of the company’s Ship Systems sector.

General Dynamics said it was awarded a $409 million contract modification to build DDG 106, an Arleigh Burke (DDG 51) Class destroyer, and for advance procurement for ships to be built between 2004-2005.