General Dynamics NASSCO Receives Additional Eight-Ship Contract to Build T-AO 10-17
General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), has secured a block-buy contract from the U.S. Navy for up to eight additional John Lewis-class fleet replenishment oilers (T-AO 214 through 221). The initial ship under this new contract is valued at $780 million, with the potential total contract value exceeding $6.7 billion if all eight ships are exercised. This award brings NASSCO's share to 17 out of the Navy's 20-ship program of record, making it the longest Navy production series in NASSCO history.
The 742-feet vessels, designed to transfer fuel to U.S. Navy ships at sea, have a full load displacement of 49,850 tons and can carry 162,000 barrels of oil. NASSCO has already delivered three ships, with more currently under construction. The company's president, Dave Carver, expressed gratitude for the Navy's continued support and the opportunity to build these essential vessels.
General Dynamics NASSCO, una filiale di General Dynamics (NYSE: GD), ha ottenuto un contratto di acquisto per blocchi dalla Marina degli Stati Uniti per fino a otto ulteriori petroliere per rifornimento della classe John Lewis (T-AO 214 a 221). La nave iniziale di questo nuovo contratto è valutata 780 milioni di dollari, con un valore totale potenziale del contratto che supera i 6,7 miliardi di dollari se tutte e otto le navi vengono realizzate. Questo contratto porta la quota di NASSCO a 17 nell'ambito del programma di 20 navi della Marina, rendendolo la serie di produzione più lunga nella storia di NASSCO.
Le navi di 742 piedi, progettate per trasferire carburante alle navi della Marina degli Stati Uniti in mare, hanno un dislocamento a pieno carico di 49.850 tonnellate e possono trasportare 162.000 barili di petrolio. NASSCO ha già consegnato tre navi, con altre attualmente in costruzione. Il presidente della compagnia, Dave Carver, ha espresso gratitudine per il continuo supporto della Marina e per l'opportunità di costruire queste navi essenziali.
General Dynamics NASSCO, una subsidiaria de General Dynamics (NYSE: GD), ha conseguido un contrato de compra por bloques de la Marina de EE. UU. para hasta ocho adicionales buques de reabastecimiento de flota de clase John Lewis (T-AO 214 a 221). El primer barco bajo este nuevo contrato tiene un valor de 780 millones de dólares, con un valor total potencial del contrato que supera los 6.7 mil millones de dólares si se ejercen los ocho barcos. Este premio eleva la participación de NASSCO a 17 en el programa de 20 barcos de la Marina, convirtiéndolo en la serie de producción más larga en la historia de NASSCO.
Los buques de 742 pies, diseñados para transferir combustible a los barcos de la Marina de EE. UU. en el mar, tienen un desplazamiento a plena carga de 49,850 toneladas y pueden llevar 162,000 barriles de petróleo. NASSCO ya ha entregado tres barcos, con más en construcción. El presidente de la compañía, Dave Carver, expresó su agradecimiento por el continuo apoyo de la Marina y la oportunidad de construir estos buques esenciales.
제너럴 다이나믹스 NASSCO는 제너럴 다이나믹스(NYSE: GD)의 자회사로서, 미국 해군으로부터 최대 8척의 존 루이스급 함대 보급 유조선(T-AO 214~221)에 대한 블록 구매 계약을 체결했습니다. 이 새로운 계약에 따른 첫 번째 함선의 가치는 7억 8천만 달러이며, 모든 8척이 실행될 경우 총 계약 가치는 67억 달러를 초과할 것으로 예상됩니다. 이 계약은 NASSCO의 비율을 해군의 20척 프로그램 중 17척으로 끌어올려 NASSCO 역사상 가장 긴 해군 생산 시리즈가 되었습니다.
742피트 길이의 이 선박들은 바다에서 미국 해군 함선에 연료를 조달하기 위해 설계되었으며, 만재 배수량은 49,850톤이고 162,000배럴의 석유를 운반할 수 있습니다. NASSCO는 이미 3척의 선박을 인도하였으며, 현재 더 많은 선박이 건조 중입니다. 회사의 회장인 데이브 카버는 해군의 지속적인 지원과 이러한 필수 선박을 건조할 수 있는 기회에 감사의 뜻을 표했습니다.
General Dynamics NASSCO, une filiale de General Dynamics (NYSE: GD), a obtenu un contrat d'achat en bloc de la part de la Marine américaine pour jusqu'à huit pétroliers de ravitaillement de classe John Lewis supplémentaires (T-AO 214 à 221). Le premier navire sous ce nouveau contrat est évalué à 780 millions de dollars, avec une valeur potentielle totale du contrat dépassant les 6,7 milliards de dollars si les huit navires sont réalisés. Ce prix porte la part de NASSCO à 17 sur le programme de 20 navires de la Marine, ce qui en fait la plus longue série de production de l'histoire de NASSCO.
Ces navires de 742 pieds, conçus pour transférer du carburant aux navires de la Marine américaine en mer, ont un déplacement à pleine charge de 49 850 tonnes et peuvent transporter 162 000 barils de pétrole. NASSCO a déjà livré trois navires, d'autres étant actuellement en construction. Le président de l'entreprise, Dave Carver, a exprimé sa gratitude pour le soutien continu de la Marine et l'opportunité de construire ces navires essentiels.
General Dynamics NASSCO, eine Tochtergesellschaft von General Dynamics (NYSE: GD), hat einen Blockkaufvertrag von der US Navy für bis zu acht zusätzliche Flottenversorgungsöltransporter der John Lewis-Klasse (T-AO 214 bis 221) gesichert. Das erste Schiff unter diesem neuen Vertrag hat einen Wert von 780 Millionen Dollar, wobei der potenzielle Gesamtwert des Vertrags 6,7 Milliarden Dollar übersteigen kann, wenn alle acht Schiffe in Auftrag gegeben werden. Dieser Zuschlag bringt NASSCOs Anteil auf 17 von 20 Schiffen im Programm der Navy und macht es zur längsten Produktionsreihe in der Geschichte von NASSCO.
Die 742 Fuß langen Schiffe, die zum Transfer von Treibstoff zu US Navy-Schiffen auf See entworfen wurden, haben eine Volllastverdrängung von 49.850 Tonnen und können 162.000 Barrel Öl transportieren. NASSCO hat bereits drei Schiffe geliefert, und weitere befinden sich derzeit im Bau. Der Präsident des Unternehmens, Dave Carver, drückte seine Dankbarkeit für die fortgesetzte Unterstützung der Navy und die Möglichkeit aus, diese wesentlichen Schiffe zu bauen.
- Secured contract for up to 8 additional ships, potentially worth over $6.7 billion
- Initial ship under new contract valued at $780 million
- Now building 17 out of Navy's 20-ship program, longest production series in NASSCO history
- Demonstrates strong, ongoing relationship with U.S. Navy
- Provides long-term revenue stream and production stability
- None.
Insights
This contract marks a significant financial boost for General Dynamics NASSCO. The initial
The T-AO program becoming the longest Navy production series in NASSCO history underscores the company's strong position in the naval shipbuilding sector. This consistent government business can act as a buffer against economic fluctuations, potentially reducing risk for investors. However, it's important to consider the profit margins on these government contracts, which are often tighter than commercial projects.
This contract solidifies NASSCO's dominant position in the U.S. Navy's fleet replenishment oiler program. Securing 17 out of 20 ships in the program of record demonstrates the Navy's confidence in NASSCO's capabilities and strengthens the company's long-term relationship with this key client. The extended production run allows for potential efficiencies and cost savings through learning curve benefits and economies of scale.
The strategic importance of these oilers in supporting naval operations globally cannot be overstated. As geopolitical tensions persist, the demand for such support vessels is likely to remain strong. This contract also positions NASSCO favorably for potential future Navy programs, enhancing its competitive edge in the defense shipbuilding sector.
This long-term contract provides stability for NASSCO's supply chain, allowing for better planning and potentially more favorable terms with suppliers. The extended production timeline enables the company to optimize its procurement strategies and potentially lock in prices for critical materials, mitigating some inflationary risks.
However, the shipbuilding industry faces ongoing challenges with skilled labor shortages and supply chain disruptions. NASSCO will need to carefully manage these issues to maintain profitability and meet delivery schedules. The company's ability to navigate these challenges while delivering on this significant contract will be important for its financial performance and reputation in the coming years.
NASSCO is currently under contract for the first nine ships of the class, and has delivered three to date. With this award the company will build seventeen of the Navy's twenty-ship program of record.
"We are pleased to continue building these ships, with seventeen of the Navy's twenty-ship program of record now on contract. This will make the T-AO program the longest Navy production series in NASSCO history," said Dave Carver, president of General Dynamics NASSCO. "The NASSCO team is honored to continue working with our Navy customer and thankful for their unwavering support."
In 2016, the Navy awarded NASSCO with a contract to design and build the first six ships in the next generation of fleet oilers, the John Lewis-class. In 2022, that contract was modified to add an additional three oilers (T-AO 211 – 213). Designed to transfer fuel to
The first ship, USNS John Lewis (T-AO 205), was delivered to the
General Dynamics NASSCO specializes in the design and construction of Navy and commercial ships and is a major provider of repair services for the
General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated
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SOURCE General Dynamics NASSCO
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