Navy Virginia (SSN 774) Class Attack Submarine Procurement: Background and Issues for Congress
Congressional Research Service Washington United States
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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.