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General Dynamics Secures $235M Contract to Aid Submarine Program
GMGM(GM) ZACKS·2024-12-23 15:26

General Dynamics Corporation’s (GD) business unit, Electric Boat, recently clinched a modification contract involving attack submarines. The award has been offered by the Naval Sea Systems Command, Washington, D.C.Details of GD’s DealValued at $235.5 million, the contract is expected to be completed by September 2025. Per the terms of the deal, General Dynamics will provide engineering, technical, design agent and planning yard support for operational strategic and attack submarines.The majority of work rel ...