And here’s the latest Congressional Research Report describing the TAGOS-25 program which Citi seems to think we might be in the running for:
https://crsreports.congress.gov/product/pdf/IF/IF11838
Note sections:
Procurement Cost
The Navy estimates in its FY2023 budget submission that the seven TAGOS-25s will cost an average of $426.3 million each in then-year dollars to procure.
Acquisition Strategy
The Navy wants to use a single shipbuilder to build all seven TAGOS-25s. The Navy intends to competitively award in FY2022 a firm fixed-price contract for the detailed design and construction (DD&C) of the lead ship, with options for building up to six additional ships.
The small value initial design studies in Jul 2020 went to BMT, Bollinger, Thoma-Sea and VT Halter, before Austal had steel ship capacity, and “...The Navy used the industry studies to inform its understanding of TAGOS-25 design-cost tradeoffs in support of the RFP for the DD&C contract. The Navy posted the RFP for the DD&C contract on November 19, 2021, and amended it on December 21, 2021. Responses to the RFP were due by April 19, 2022.”
Given the Citi note above, I believe we must’ve submitted an RFP response with a decision expected before year end. The vessel size and twin hull design puts it firmly in Austal’s territory imo. Estimated contract value of US$426 million+ as per that Report.
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