General Dynamics' Unit Secures Contract for Additional Oilers
GMGM(GM) ZACKS·2024-09-17 01:56

General Dynamics Corporation’s (GD) subsidiary, General Dynamics NASSCO, has secured a major contract with the U.S. Navy to construct up to eight additional John Lewis-class fleet replenishment oilers (T-AO 214 through 221). The contract for the first ship in this new deal is valued at 780million.Thetotalcontractvalueofmanufacturingalleightshipswilllikelybemorethan780 million. The total contract value of manufacturing all eight ships will likely be more than 6.7 billion.GD’s John Lewis-class OilersThe John Lewis-class fleet replenishment oilers play an important role in the U.S. Navy ...