General Dynamics Bath Iron Works Awarded $76 Million Navy Contract for Engineering Services on DDG 51 Program
BATH, Maine – The U.S. Navy has awarded Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $76 million modification to a previously awarded contract for Lead Yard Services associated with the DDG 51-Class AEGIS Destroyer Program. The award is for the first option year of a two-year engineering services contract initially awarded in November 2002.
Bath Iron Works, lead designer and builder of the DDG 51 AEGIS Destroyer, has a total of 12 DDG 51-Class Destroyers in its backlog, and has delivered 22 of the destroyers to the U.S. Navy to date.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 66,900 people worldwide and anticipates 2003 revenues of approximately $16.1 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, shipbuilding and marine systems, and business aviation.
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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 - Monday, December 1, 2003
Press Contact: (703) 876-3199
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