General Dynamics Wins 3 of 37 Pentagon Defense Contracts Awarded Friday
The Department of Defense announced 37 new defense contracts Friday, worth a combined $2.2 billion in total value. General Dynamics businesses won three of them, including:
- A $121.8 million undefinitized contract action awarded to the firm's Electric Boat subsidiary, funding the purchase of additional long-lead-time materials needed to build the Virginia-class nuclear attack submarines designated SSN 793, SSN 794, and SSN 795. This contract should be completed by September 2014.
- A $23.1 million contract modification awarded to the firm's Bath Iron Works subsidiary, exercising options to have Bath provide engineering, design, and other yard services on DDG 51 guided missile destroyers through December 2014.
- Finally, a $21.4 million contract modification awarded to the firm's National Steel and Shipbuilding subsidiary in payment for Detail Design and Construction of Mobile Landing Platform, or MLP, 3 Afloat Forward Staging Base, or AFSB, for the MLP Program, plus limited AFSB block construction for the MLP Program. An MLP is an amphibious assault ship from which Marines can depart to attack a beachhead. Work under this contract should be completed by May.
The article General Dynamics Wins 3 of 37 Pentagon Defense Contracts Awarded Friday originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.