U.S. Navy Awards General Dynamics $64 Million Contract for Planning Yard Services
BATH, Maine – The U.S. Navy has awarded Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $64 million contract to provide Planning Yard Services for the DDG 51 Arleigh Burke Class AEGIS Destroyer Program and FFG 7 Perry Class Frigate Program.
Bath Iron Works will provide expert design, planning and material support services for maintenance and modernization. Work will be performed in Bath, Maine, and is expected to be completed by Sept. 30, 2010.
Bath Iron Works of Bath, Maine, is the lead shipbuilder for the DDG 51 Class and a leading designer and builder of complex surface combatants for the U.S. Navy. Since 1991, BIW has manufactured and delivered 25 Arleigh Burke class destroyers, the most technologically advanced surface combatant in the world, to the U.S. Navy. Six additional ships are currently under construction in Bath, and three more are under contract for delivery by 2010. The company employs approximately 5,600 people.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 71,900 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.
# # #
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 - Wednesday, January 4, 2006
Press Contact: (207) 442-1695
|
NEWSLETTER
|
| Join the GlobalSecurity.org mailing list |
|
|
|
