CHARLESTON, S.C., May 27 (UPI) -- Advanced Technology International has received a U.S. Navy contract as part of a program to reduce the cost of building, operating and repairing ships.
The $7.75 million award for continued support to the National Shipbuilding Research Program, an ATI-managed, industry-government research and development collaboration.
The NSRP collaboration includes 12 major U.S. shipyards, Navy shipbuilding programs and related industry partners. Its research and development efforts create value for the industry and the Navy through cost reductions, process improvements and technology advances.
Projects are accomplished by teams of multiple shipyards, suppliers, academia and other supporting industries.
ATI said the award represents the first installment of $15 million in Navy funding anticipated for the current year.
"The renewed commitment by Navy leadership and industry executives to grow this national program that ATI has managed since its inception in 1998 is evidence of its value to the nation's defense," said ATI President Rick Self. "I look forward to ongoing projects that assist the Department of Navy in reducing costs and improving efficiencies in naval shipbuilding."
