General Dynamics Wins $212 Million for Zumwalt Work
General Dynamics' won a $212 million fixed-price incentive (firm target) contract from the U.S. Navy Friday.
According to the terms of the contract announcement, General Dynamics' Bath Iron Works subsidiary will design and build the steel superstructure (specifically, the deckhouse and a hangar) for the new Zumwalt-class guided missile destroyer USS Lyndon B. Johnson (DDG 1002). Bath will also construct an aft peripheral vertical launching system (PVLS) from which the destroyer's missiles will launch.
PVLS is a deviation from the centralized missile magazines with which older Arleigh Burke-class (DDG 51) destroyers are equipped. It consists of separated four-cell launchers along the hull of the Zumwalt-class ships, and is designed to enhance the ships' survivability, by not putting all the boomsticks in one place.
The corresponding PVLS on the Johnson's sister ship, the USS Michael Monsoor (DDG 1001), was built by General Dynamics rival Huntington Ingalls.
General Dynamics' work under this contract should be complete by December 2016.
The article General Dynamics Wins $212 Million for Zumwalt Work originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool owns shares of General Dynamics and Huntington Ingalls Industries. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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.
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