Navy Awards FFG(X) Frigate Conceptual Design Contracts to 5 Firms

The U.S. Navy has awarded five companies separate contracts to provide a conceptual design of the service™s future guided missile frigate.

The Naval Sea Systems Command received six proposals for the firm-fixed-price contracts as part of the FFG(X) ship program, the Defense Department said Friday.

NAVSEA selected Austal‘s U.S. subsidiary, Fincantieri Marinette Marine, General Dynamics™ (NYSE: GD) Bath Iron Works subsidiary, Huntington Ingalls Industries (NYSE: HII) and Lockheed Martin (NYSE: LMT) for the FFG(X) conceptual design contracts.

The military branch will use the conceptual design phase to inform the final specifications in a request for proposals for the follow-on design and construction contract.

Contract details are as follows:

Austal USA: $14.9 million base value and $21.4 million ceiling value
Bath Iron Works: $14.9 million base value and $22.9 million ceiling value
Fincantieri: $14.9 million base value and $22.9 million ceiling value
HII: $14.9 million base value and $22.9 million ceiling value
Lockheed: $14.9 million base value and $21.9 million ceiling value

Work will run through June 2019 should the service exercise all options.

Each of the companies will get $1.2 million in fiscal 2017 research, development, test and evaluation funds that will expire by the end of the current fiscal year and another $11 million in fiscal 2018 R&D, test and evaluation funds at the time of award.

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