ABSTRACT

Navy Virginia (SSN-774) Class Attack Submarine Procurement: Background and Issues for Congress [October 4, 2017]   [open pdf - 4MB]

"The Navy has been procuring Virginia (SSN-774) class nuclear-powered attack submarines since FY1998. The two Virginia-class boats requested for procurement in FY2018 are to be the 27th and 28th boats in the class. The 10 Virginia-class boats programmed for procurement in FY2014FY2018 (two per year for five years) are being procured under a multiyear-procurement (MYP) contract. The Navy estimates the combined procurement cost of the two Virginia-class boats requested for procurement in FY2018 at $5,532.7 million, or an average of $2,766.4 million each. The boats have received a total of $1,647.0 million in prior-year 'regular' advance procurement (AP) funding and $580.4 million in prior-year Economic Order Quantity (EOQ) AP funding. The Navy's proposed FY2018 budget requests the remaining $3,305.3 million needed to complete the boats' estimated combined procurement cost. The Navy's proposed FY2018 budget also requests $1,920.6 million in AP funding for Virginia-class boats to be procured in future fiscal years, bringing the total FY2018 funding request for the program (excluding outfitting and post-delivery costs) to $5,225.9 million."

Report Number:
CRS Report for Congress, RL32418
Author:
Publisher:
Date:
2017-10-04
Series:
Copyright:
Public Domain
Retrieved From:
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html
Format:
pdf
Media Type:
application/pdf
URL:
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