Ingalls awarded $497M contract to build another cutter
by MBJ Staff
Published: April 1,2014
Tags: contract, cutter, defense, Department of Homeland Security, Ingalls, manufacture, manufacturer, manufacturing, military, National Security Cutter, ship, shipbuilder, shipbuilding, shipyard, U.S. Coast Guard
PASCAGOULA – U.S. Sen. Thad Cochran (R-Miss.) reports a $497-million military shipbuilding contract award to Ingalls Shipyard in Pascagoula to construct the seventh national security cutter (NSC 7) for the U.S. Coast Guard.
Cochran said the Department of Homeland Security is amending an existing contract with Ingalls to provide FY2014 appropriations to construct NSC 7.
Cochran serves on the Senate appropriations subcommittee with jurisdiction over the Coast Guard and the Department of Homeland Security.
“National security cutters provide the Coast Guard with vessels that improve its ability to protect the nation’s coasts and waterways from terrorism, human trafficking, drug smuggling and other maritime threats. This award affirms the good work being done by Mississippi shipbuilders to modernize the Coast Guard fleet,” Cochran said. “Combined with advanced appropriations provided by Congress for the purchase of long lead time materials, this contract should ensure that NSC construction can proceed economically and without disruption. The purchase of long lead time material to ‘keep the line hot’ will result in a direct savings of $40 million.”
At a subcommittee hearing on March 12, Cochran questioned Homeland Security Secretary Jeh Johnson about the ongoing budget constraints on Coast Guard procurement and acquisition accounts. The FY2015 budget recommends $1.08 billion for acquisitions and improvements, a 27 percent decrease from FY2014 funding levels. The budget request does, however, include funding to complete construction of NSC 7 and to begin the procurement of parts for the eighth NSC.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- David Duval, former British Open winner, joins Sanderson Farms field
- Court rules against Greenwood councilwoman; must give up office
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- Cochran continues to reach out to African American voters
- ‘Little Boogaloo’ Eden Brent happy singing the blues
- Alcorn president launches new customer service task force
- Turner Grain’s bankruptcy will help consolidate lawsuits alleging breach of contract
- Hole-by-hole look at Sanderson Farms Championship course at CCJ
- Senators write letter over Waters of the United States proposal