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Saturday, December 20, 2008

U.S. Navy close to multibillion-dollar submarine award

The Navy is close to awarding another multibillion-dollar contract to General Dynamics Corp. and Northrop Grumman Corp. for more Virginia class submarines, a senior Pentagon official said Friday.

The service will make the award for eight more of those submarines "soon," Allison Stiller, deputy assistant secretary of the Navy for ship programs told The Associated Press.

A formal announcement is expected as early as next week as the Navy looks to add to its nuclear-powered attack submarine fleet. The Virginia class is the first U.S. Navy warship designed in the post-Cold War era.

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