General Dynamics Wins $4B Navy Deal To Build Four DDG 51 Ships

General Dynamics Corporation GD recently secured a multi-year contract for manufacturing four DDG 51 class ships. Work related to the deal is scheduled to be completed by June 2028.

Valued at $3.9 billion, the contract was awarded by the Naval Sea Systems Command, Washington, D.C. Per the terms of the deal, General Dynamics subsidiary Bath Iron may also provide engineering change proposals, design budgeting requirements and post-delivery availabilities. On execution of these options, the cumulative value of the contract will reach $4 billion.

The deal also boasts provisions for producing additional DDG 51 class ships. Majority of the work will be executed in Bath, ME. The company will utilize fiscal 2018 shipbuilding and conversion (Navy) fund to finance the task.

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