Author: Ramona Adams|| Date Published: January 29, 2018
Phebe Novakovic
General Dynamics (NYSE: GD) plans to invest as much as $2 billion into its shipyards to meet the U.S. Navy‘s shipbuilding requirements, Defense News reported Friday.
The Groton, Connecticut-based shipyard of General Dynamics’ Electric Boat subsidiary will receive $1.7 billion to support the production of the Navy’s Virginia-class attack submarines and Columbia-class ballistic missile submarines.
“In response to the significant increased demand from our Navy customer across all three of our shipyards, we’re investing in each of our yards, said General Dynamics CEO Phebe Novakovic.
Novakovic, a 2018 Wash100 recipient, added that the company will also distribute a planned $200 million investment between its Maine and San Diego shipyards.
The Naval Information Warfare Center Pacific is soliciting proposals for the development and fielding of intelligence, surveillance and reconnaissance systems…
The Department of War is accelerating its push into unmanned systems, moving beyond experimentation toward large-scale production, streamlined acquisition and…
BAE Systems has received a $117.7 million contract modification from the U.S. Navy to support depot-level modernization, maintenance and repair of USS…
Advanced wireless infrastructure is becoming as strategically important as artificial intelligence in modern defense operations 5G standalone enables network slicing,…
