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  • Friday, April 26, 2024

General Dynamics Wins Deal to Provide Sub Parts

General Dynamics (NYSE: GD) picked up a Navy contract worth $7.3 million order on a previously awarded contract for the procurement of nuclear submarine materials.

According to the firm, GD’s Electric Boat division “will procure long-lead-time materials and machining for Ohio-class submarines. The order is part of a contract initially awarded in October 2010; if all options are exercised and funded, the contract will be worth approximately $1.2 billion over three years.”

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