Bae systems’ florida shipyard to perform uss lassen’s modernization
Jacksonville, fla.--(business wire)--bae systems has received a $119.2 million contract from the u.s. navy to perform major modernization work aboard the arleigh burke-class guided-missile destroyer uss lassen (ddg 82). the value of the competitively-awarded contract could reach $137.9 million if all options are exercised. bae systems jacksonville ship repair will dry-dock the ship for seven months under the depot maintenance period (dmp) availability contract awarded by the navy. in addition to underwater hull preservation work, the company’s florida shipyard will recondition the ship’s engineering spaces, upgrade its command and control equipment, and refurbish the crew’s living spaces. the company expects the dmp work to begin in january 2023 and be completed in april 2024. “the modernization work we will perform on the uss lassen is a major project for our team and industry partners, and builds upon our recent dmp work aboard two other ships,” said tim spratto, bae systems jacksonville ship repair’s general manager. “our work will usher the lassen into a higher phase of capability in the fleet.” bae systems’ jacksonville shipyard is nearing the end of similar work aboard the guided missile destroyer uss winston s. churchill (ddg 81) and previously completed a dmp availability aboard uss roosevelt (ddg 80). uss lassen is the 32nd ship of the arleigh burke class and was commissioned in april 2001. the ship is named in honor of medal of honor recipient clyde lassen, who was recognized for his actions as a naval aviator during vietnam. a previous u.s. navy ship called uss lassen (ae 3) was named after a northern california volcano. bae systems is a leading provider of ship repair, maintenance, modernization, conversion, and overhaul services for the navy, other government agencies, and select commercial customers. the company operates three full-service shipyards in california, florida, and virginia, and offers a highly skilled, experienced workforce, seven dry-docks and railways, significant pier space, and ship support services. the company’s jacksonville shipyard has approximately 660 employees and works with the navy and several subcontractor companies to accomplish its ship sustainment work.
BA Ratings Summary
BA Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission