General Dynamics Allots $1B CapEx Budget for Submarine Construction Updates

TYSONS CORNER, VA, February 1, 2019 — General Dynamics (NYSE: GD) has unveiled a plan to reinvest $1B into its manufacturing operations in 2019 as part of a capital expenditure strategy that includes the further development of submarine construction capabilities, ExecutiveBiz reported Thursday.

USNI News reported Wednesday that the funds will support updates to the company’s production facilities, including the General Dynamics Electric Boat shipyard where it is building Virginia-class and Columbia-class submarines for the U.S. Navy.

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