Pentagon awards $5 billion contract to speed up ship manufacturing

DefenseNews: The Defense Logistics Agency Maritime Mechanicsburg awarded a $5 billion contract this month to six businesses with the goal of boosting ship manufacturing at speed. The Maritime Acquisition Advancement Contract is an indefinite-delivery/indefinite-quantity contract designed to accelerate procurement processes. The MAAC has five one-year options at $1 billion each and can potentially reach up to $10 billion. “There are significantly long lead times the Navy faces ... this contracting vehicle streamlines and reduces our end of the …