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General Dynamics, Huntington Ingalls Get More Funds for 2 Arleigh Burke-Class Destroyers

Arleigh Burke class destroyerTYSONS CORNER, VA, April 1, 2016 — The U.S. Navy has awarded additional funds to General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) for the manufacture of two additional Arleigh Burke-class destroyers, ExecutiveBiz reported Thursday.

USNI News reported Wednesday General Dynamics Bath Iron Works and Ingalls Shipbuilding will build the seventh and eighth DDG 51 vessels with Flight IIA configuration.

General Dynamics received a $644.3 million contract modification while HII received a $618 million contract modification to fund the destroyers.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com

Contact:
David Smith
(703) 226-7002
[email protected]

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