Citing essential cost savings, DOD seeks multiyear authority for block VI Virginia submarines

By Nick Wilson / May 19, 2023 at 2:16 PM
The Defense Department is asking Congress to authorize the use of multiyear procurement for 10 block VI Virginia-class submarines, indicating the resulting cost savings are necessary to meeting the Navy's budget estimates. The proposal, submitted to Congress on May 18 for inclusion in the fiscal year 2024 defense authorization bill , would allow the Navy to initiate the multiyear contract as early as FY-25, and begin advance procurement of long lead materials in FY-24. “Without the cost savings associated with...

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