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General Dynamics' Unit Secures Contract for Additional Oilers
GMGM(US:GM) ZACKS·2024-09-16 17:56

General Dynamics Corporation’s (GD) subsidiary, General Dynamics NASSCO, has secured a major contract with the U.S. Navy to construct up to eight additional John Lewis-class fleet replenishment oilers (T-AO 214 through 221). The contract for the first ship in this new deal is valued at $780 million. The total contract value of manufacturing all eight ships will likely be more than $6.7 billion.GD’s John Lewis-class OilersThe John Lewis-class fleet replenishment oilers play an important role in the U.S. Navy ...