U.S. Navy Awards $78 Million Contract Option to Bath Iron Works for Engineering Services on the DDG 51 Program
BATH, Maine – The U.S. Navy has awarded General Dynamics Bath Iron Works a $78 million cost-plus-award fee option for Lead Yard Services on the DDG 51 Class AEGIS Destroyer Program. The award is for option year four of a five-year contract for engineering services awarded to the company in December of 1995.
Bath Iron Works, lead designer and builder of the DDG 51 AEGIS Destroyer, will launch its 21st destroyer of the class on June 23, 2001. The shipyard has a total of nine DDG 51 Class Destroyers in its backlog, and has delivered 18 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 7,000 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 - Thursday, December 21, 2000
Press contact: (207) 442-1149
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