2.4 Details of Project Major Contracts

Contractor

Signature Date

Price (Base) at

Type (Price Basis)

Form of Contract

Notes

Signature $m

30 Jun 11 $m

US Government Initial MOU

Mar 03

$336.7

$336.7

Fixed

MOU Agreement

1

US Government Follow-on MOU

Nov 09

$43.8

$50.8

Fixed

MOU Agreement

2

Notes

1

US Government Initial MOU is in the process of being closed and has no expenditure for FY 10/11.

2

US Government Follow-on MOU was reported as $131.9m in the 2009-10 MPR, however, this figure included sources of funding other than SEA 1429 Phase 2. The Price Base at Signature has been revised to reflect the SEA 1429 Phase 2 contribution to the Follow-on MOU. An additional $6.1m to the SEA 1429 Phase 2 contribution to the Follow-on MOU was approved in July 2010.

Contractor

Quantities as at

Scope

Notes

Signature

30 Jun 11

US Government Initial MOU

Classified

Classified

Heavyweight Torpedoes

 

US Government Follow-on MOU

Classified

Classified

Heavyweight Torpedoes

 

Major equipment received and quantities to 30 Jun 11

Spiral 1 Software baseline achieved. Platform modifications in three submarines completed.