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General Dynamics to Offer Yard Support for DDG 51 Warships Amid Rising Demand
GMGM(GM) ZACKS·2024-11-28 18:05

General Dynamics Corp.’s (GD) business unit, Bath Iron Works, recently clinched a modification contract that enables the company to exercise options for providing lead yard support to the DDG 51 warships. The award has been offered by the Naval Sea Systems Command, Washington, D.C.Valued at $82.3 million, this contract is expected to be completed by November 2025. The majority of work related to this deal will be carried out in Bath/Brunswick, ME.Rising Demand for Warships Benefits GD StockHeightened geopol ...