Navy, Electric Boat Agree on $9.5B Contract Option for First 2 Columbia Subs - USNI News

The Navy and its lead builder for a new class of ballistic-missile submarines have hammered out their path forward for how to fully fund the first two boats, the head of Navy procurement told reporters on Monday.
The agreement, pending Department of Defense and congressional approval, lays out a cost and incentive schedule for the full-rate construction contract options for $9.5 billion for first two Columbia-class (SSBN-826) boats.
“The contract modification includes a fully priced option for the construction of SSBN 826 and SSBN 827, associated design and engineering support,” reads the Monday announcement. “For SSBN 827, the modification covers advance procurement, advance construction and subsequent fiscal 2024 construction of SSBN 827. This option is required to support October 2020 construction start of the SSBN 826.”