General Dynamics Bath Iron Works Wins $324 Million Contract Modification for FY 2000 DDG 51 Destroyer
BATH, Maine -- The U.S. Navy has awarded a contract modification to General Dynamics Bath Iron Works which provides funding for one ARLEIGH BURKE Class AEGIS guided missile destroyer. The $324 million contract modification funds one destroyer in fiscal year 2000. The ship was one of six awarded to BIW on March 6, 1998, as part of a multi-year contract for fiscal years 1998-2001.
Construction on DDG 96 is scheduled to begin in the spring of 2002 with delivery to the U.S. Navy in the spring of 2005. The shipyard has a total of nine DDG 51 class destroyers in its backlog. Bath Iron Works, lead shipyard for the class, has delivered 16 of the destroyers to the U.S. Navy to date.
Bath Iron Works of Bath, Maine, a leader in surface combatant design and construction, employs 7,700 people. It is a subsidiary of General Dynamics (NYSE:GD), headquartered in Falls Church, Virginia. General Dynamics has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The company employs 44,000 people worldwide and has annualized sales of approximately $10 billion.
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Any "forward-looking statements" contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
General Dynamics Corporation (ticker: GD, exchange: NYSE)
News Release - Friday, December 17, 1999
Press Contact: (703) 876-3190
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