Bath Iron Works Awarded $53 Million Contract For DD(X) Transition Design
BATH, ME – The Navy announced today that Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), was awarded a six month, $53.4 million contract for engineering and design efforts for DD(X), the Navy’s next-generation destroyer. Work to be performed under this contract includes beginning the development of functional diagrams, primary structural and non-zone outfit products, class common equipment procurement specifications, joint design/build and production plans and further refinement of design and manufacturing process refinements.
The multi-mission DD(X) destroyer is tailored for land attack and inland support of joint and coalition forces. It is designed to meet Marine Corps, Army and special operations requirements for precision strike ashore, but also be able to outmatch current and projected threats in the air, on the surface and under water.
Bath Iron Works of Bath, Maine, is a leading designer and builder of complex surface combatants for the U.S. Navy and employs approximately 5,600 people. General Dynamics, headquartered in Falls Church, Virginia, employs approximately 70,800 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 - Friday, September 30, 2005
Press Contact: (207) 442-2072
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