The U.S. Navy has awarded General Dynamics Corp. (NYSE: GD) a $95.9 million contract to produce and support Trident II submarine weapons systems for the U.S. and U.K. navies, General Dynamics announced Thursday.
The company said that if all options are exercised, the contract has a maximum value of $225 million.
General Dynamics will also continue overseeing the modernization of the D5 Fleet II Ballistic Missile Program, which includes:
- Engineering support
- Fleet documentation
- Performance evaluation
- Reliability and maintenance training