JO Signs Record $700M DH Contract; Opts to Defer Nearly Entire Contract for 1120 Years

Contract structure JO's idea to help, "keep the submarine force competitive"

PERS-42 has signed the two-time JO of the Year Samuel Owens to a DH Contract. Owens commits to a DH tour after spending three years onboard the USS Los Angeles Class Submarine of Anaheim. The PNEO Gold Coin recipient averaged a 3.97 across 34 CTEs and an AA on ORSE Drills while also standing over 5,000 hours of OOD and conducting 483 safe ascents to Periscope Depth.

The “two-way” officer’s DH contract will be worth an astonishing $700M, breaking the previous record for a DH Contract by over $699M. 

Note: Not to scale. If this graph was to scale your contract would not even be visible. 

Owens’ deal, agreed to Saturday, calls for annual bonuses of $625,000, according to details obtained by The Subpar Group. Of each year’s bonus, $623,000 is deferred with no interest, payable in equal installments each July 1 from 3123-43. 

For purposes on the PERS-42 accounting, the DH Contract is valued as a yearly addition to their budget for bonuses of about $2,000.35.  

There was much speculation if the already all-time great submariner would receive a record DH Contract as he recovers from his second eye surgery due to excessive scope rotations. It is expected that Owens will not be able to stand OOD until the start of his boat’s 2025 deployment.