March 1, 2010 1:05:15 PM
BATH, Maine, -- The U. S. Navy has awarded Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a contract valued at up to $114 million to procure long lead material to support the anticipated construction of DDG 115 under the DDG 51 class destroyer program. Procurement efforts are expected to complete by December 2012.
Bath Iron Works president, Jeff Geiger, stated, "This award is the first step leading to continued construction of Aegis destroyers at BIW for many years to come. As the lead shipbuilder of the class, we have a track record of excellent performance in both procurement and construction activities across the 31 ships of this class we've built in the last two and a half decades. We're excited about the opportunity to continue that performance."
Bath Iron Works, a leader in surface combatant design and construction, employs approximately 5,600 people. Since 1991, BIW has manufactured and delivered 31 Arleigh Burke-class destroyers, the most technologically advanced surface combatant in the world, to the U.S. Navy. Three additional ships are currently under construction for delivery by 2011. In addition, BIW is the lead designer and builder for the Navy's DDG 1000 Zumwalt class program.
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Contract $100m, Contract Win, General Dynamics (NYSE:GD), Naval Systems
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