Bath Iron Works to Open $240 Million World-class Navy Shipbuilding Facility May 5
BATH, Maine. – Bath Iron Works, a General Dynamics Company, will dedicate its new $240 million land-level transfer facility on Saturday, May 5, 2001. The South Gate on Washington Street in Bath, Maine will open to the public at 10 a.m. for a 10:30 a.m. ceremony. The shipyard began its modernization in November 1998. The centerpiece of the modernization, a 750-foot long dry dock, arrived in February 2001.
The May 5 ceremony will feature the keel laying of the Arleigh Burke-class destroyer, Chafee (DDG 90). The ship, named for the late U.S. Senator John Chafee of Rhode Island, is the 22nd of the class to be built at Bath Iron Works. Mrs. Virginia Chafee, wife of the late U.S. senator will attend the ceremony.
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 46,000 people and anticipates 2001 sales of approximately $11.5 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 - Tuesday, April 24, 2001
Press Contact: (207) 442-1149
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