General Dynamics NASSCO to Help Navy Sustain Littoral Combat Ships

Littoral-Combat-ShipGeneral Dynamics‘ (NYSE: GD) NASSCO subsidiary has won a potential $96.3 million contract to sustain Littoral Combat Ships that are visiting or stationed at a naval base in San Diego.

The contract has a $24.2 million initial amount and will reach its full potential value if all options are exercised, the Defense Department said Tuesday.

NASSCO will provide sustainment, facility maintenance, engineering and fly-away support services for both the Lockheed Martin (NYSE: LMT) and Austal USA variants of the LCS.

The U.S. Navy received two proposals for the contract and is obligating $6, 138, 041 at the time of award from fiscal 2015 operations and maintenance funds.

DoD expects NASSCO to complete work by April 2016.

Check Also

SAIC

SAIC Awarded TSA Test & Evaluation Support BPA

Science Applications International Corp. (NYSE: SAIC) has been awarded a potential $40M blanket purchase agreement for operational test and evaluation services to the Transportation Security Administration, according to an award notice posted Thursday.

US Air Force

Air Force Selects Boeing, Lockheed, Raytheon Technologies for Hypersonic Cruise Missile Tech Design Program

The U.S. Air Force has indicated its intent to solicit design proposals from Boeing (NYSE: BA), Lockheed Martin (NYSE: LMT) and Raytheon Technologies (NYSE: RTX) for a hypersonic cruise missile technology that can be launched from a fighter or a bomber aircraft.