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GAO-03-895R 1 (2003-06-23)

handle is hein.gao/gaobaamfx0001 and id is 1 raw text is: I Accountability * Integrity * Reliability United States General Accounting Office Washington, DC 20548 June 23, 2003 The Honorable Jerry Lewis Chairman Subcommittee on Defense Committee on Appropriations House of Representatives Subject: Multiyear Procurement Authority for the Virginia Class Submarine Program Dear Mr. Chairman: On May 29, 2003 we briefed your staff on the fiscal year 2004 budget request for the Virginia class submarine program. This letter summarizes the information we provided in that briefing on the advantages that multiyear procurement authority offers the Virginia class submarine program as well as the risks of actually realizing these advantages. Background The Virginia class submarine program is currently the Navy's largest shipbuilding program. The attack submarine will replace the Los Angeles class submarines to provide battle space dominance across a broad spectrum of missions. The Navy already has four ships in various stages of construction and under contract with General Dynamics Electric Boat and Northrop Grumman Newport News. The lead ship, the SSN 774 (Virginia), will be delivered in June 2004, and the SSN 775 (Texas) will be delivered in 2005. The SSN 776 (Hawaii) and SSN 777 (North Carolina) are 36 percent and 18 percent complete, respectively. Two ships will be launched from each yard. Each shipyard has about 50 percent of the work, with both responsible for certain segments of each submarine. The Navy is currently in contract negotiations for submarines beyond the four under contract. In its fiscal year 2004 budget submission, the Navy requested $2.8 billion for the Virginia class program. The Navy estimates that the total cost for the program will be $64.7 billion in base year (1995) dollars for 30 submarines. The estimated cost for the ship to be authorized in fiscal year 2004 is $2.15 billion. As part of its fiscal year 2004 budget submission, the Navy requested $390 million in support of a potential multiyear procurement contract. If multiyear procurement authority is approved, the fiscal years 2005 and 2006 budget submissions will also include funding requests of about $390 million and $195 million respectively, to support the multiyear procurement contract. These funds will be used to procure components and GAO-03-895R Virginia Class Submarine Program

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