Bath Iron Works Awarded $16 Million Contract for Advanced Procurement of Littoral Combat Ship Long Lead Material
BATH, ME – The U.S. Navy announced today that Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), was awarded a $16 million modification to the previously awarded Littoral Combat Ship (LCS) Final System Design contract to procure required Long Lead Material in support of the LCS Program. Long Lead Material is being procured under the Final System Design contract in order to meet the requirements of the anticipated Flight 0 production contract.
The LCS is the Navy’s newest surface combatant, the requirement for which has been identified as part of a broader surface combatant force transformation strategy. Focused missions for the ship are those that ensure and enhance friendly force access to littoral areas. The General Dynamics Team LCS concept features an innovative trimaran hull and open architecture design to provide superior joint warfighting capability and flexibility to accommodate planned and emerging mission growth and system upgrades.
Bath Iron Works of Bath, Maine, is the prime contractor for the General Dynamics LCS Team and employs approximately 6,200 people. General Dynamics, headquartered in Falls Church, Va., employs approximately 70,200 people worldwide and had 2004 revenue of $19.2 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; 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, April 11, 2005
Press Contact: (207) 442-2072
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