MULTIYEAR PROCUREMENT AUTHORITY FOR VIRGINIA CLASS SUBMARINE PROGRAM.

SEC. 123. MULTIYEAR PROCUREMENT AUTHORITY FOR VIRGINIA CLASS SUBMARINE PROGRAM.(a) Authority.—The Secretary of the Navy may, in accordance with section 2306b of title 10, United States Code, enter into a multiyear contract, beginning with the fiscal year 2004 program year, for procurement of Virginia-class submarines.(b) Limitation.—The Secretary of the Navy may not enter into a contract authorized by subsection (a) until—(1) the Secretary submits to the congressional defense committees a certification that the Secretary has made each of the findings with respect to such contract specified in subsection (a) of section 2306b of title 10, United States Code; and(2) a period of 30 days has elapsed after the date of the transmission of such certification.(c) Applicability of Shipbuilder Teaming Law.—Paragraphs (2)(A), (3), and (4) of section 121(b) of the National Defense Authorization Act for Fiscal Year 1998 (Public Law 105–85; 111 117 STAT. 1410 Stat. 1648) shall apply in the exercise of authority to enter into a multiyear contract under subsection (a).