Accession Number : AD1021070

Title :   Navy Virginia (SSN 774) Class Attack Submarine Procurement: Background and Issues for Congress

Descriptive Note : Technical Report

Corporate Author : Congressional Research Service Washington United States

Personal Author(s) : O'Rourke,Ronald

Full Text :

Report Date : 25 Oct 2016

Pagination or Media Count : 46

Abstract : The Navy has been procuring Virginia (SSN-774) class nuclear-powered attack submarines since FY1998. The two Virginia-class boats requested for procurement in FY2017 are to be the 25th and 26th boats in the class. The 10 Virginia-class boats programmed for procurement in FY2014-FY2018 (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 FY2017 at $5,408.9 million, or an average of $2,704.5 million each. The boats have received a total of $1,623.3 million in prior-year advance procurement (AP) funding and $597.6 million in prior-year Economic Order Quantity (EOQ) funding. The Navys proposed FY2017 budget requests the remaining $3,188.0 million needed to complete the boats estimated combined procurement cost. The Navys proposed FY2017 budget also requests $1,767.2 million in AP funding for Virginia-class boats to be procured in future fiscal years, bringing the total FY2017 funding request for the program (excluding outfitting and post-delivery costs) to $4,955.2 million.

Descriptors :   MILITARY BUDGETS , COST ESTIMATES , NAVAL PROCUREMENT , aircraft carriers , national security , nuclear powered submarines , attack submarines , fleet ballistic missiles , shipbuilding , contractors , ballistic missile submarines , nuclear powered submarines

Distribution Statement : APPROVED FOR PUBLIC RELEASE