WASHINGTON, D.C. — The U.S. Navy has put on hold plans to select a contractor to design its program for a set of new DD-21 destroyers.
According to reports, the Navy has delayed selection indefinitely while it waits for the Defense Department to complete a review of strategy, force structure and weapons programs.
Beyond Cash Donations: How New Forms of Giving Are Transforming Not-for-Profit Accounting
Evolving Funding Landscape for Not-for-Profits Not-for-profit organizations are being asked to do more with less,…
Learn More
Several major defense contractors were to be involved in the prospective design and production of the new destroyers, including General Dynamics’ Bath Iron Works Co., Lockheed Martin Corp.’s Government Electronics Systems, Northrop Grumman’s Litton Ingalls Shipbuilding, and Raytheon Co. According to reports, the former two companies were to head one team, while the latter two companies were to head a second team. One team was to be selected to design the destroyers, while both teams would be involved in production.
The two teams were to make final contract offers to the Navy next week. The cost of the program is estimated to cost between $25 billion and $30 billion, reports said.
