U.S. Navy Awards $60 Million to DD 21 Alliance and Bath Iron Works
BATH, Maine – The U.S. Navy has awarded the DD 21 Alliance a $60,155,724 contract modification for the extension of the DD 21 Phase II Period of Performance. The DD 21 Alliance includes Bath Iron Works of Bath, Maine, a subsidiary of General Dynamics (NYSE: GD); and Ingalls Shipbuilding of Pascagoula, Miss. Work will be performed in Bath, Maine (32.5%); Pascagoula, Miss. (32.5%); Minneapolis, Minn. (30%); and Woodland, Calif. (5%), and is expected to be completed in December 2001. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.
Bath Iron Works is a leader in surface combatant design and construction, employing approximately 7,000 people. General Dynamics, Falls Church, Va., has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The company employs 52,000 people and anticipates 2001 sales of approximately $12 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, October 26, 2001
Press Contact: (207) 442-1149
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