General Dynamics NASSCO Wins $128M Navy Contract for USS Comstock Modernization

General Dynamics NASSCO Wins $128M Navy Contract for USS Comstock Modernization
General Dynamics

A General Dynamics (NYSE: GD) subsidiary will maintain, modernize and repair the USS Comstock dock landing ship under a potential two-year, $128.2M contract from the U.S. Navy.

General Dynamics National Steel and Shipbuilding Co. will perform selected restricted availability efforts in support of the Whidbey Island-class vessel in fiscal year 2021 under the firm-fixed-price contract, the Department of Defense said Thursday.

The contract has a base value of $100M and comes with options that, if exercised, will bring the award to its potential value.

The Navy obligated $92.7M from fiscal year 2021 other procurement funds; $189.8K from working capital funds; and $7.2M from fiscal 2021 operation and maintenance funds.

DoD expects NASSCO to wrap up work by November 2022.

Naval Sea Systems Command received two bids for the competitively solicited contract.

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