BAE, General Dynamics NASSCO, Continental Maritime Awarded $299M Navy Ship Maintenance IDIQ Increase

BAE Systems, Continental Maritime and General Dynamics‘ (NYSE: GD) NASSCO subsidiary have collectively received a $299.3M increase to a contract for maintenance and availability support for U.S. Navy surface combatant ships.

All three contractors are eligible to pursue delivery orders to help the chief of naval operations address availabilities for guided-missile destroyers and cruisers via the multiple-award, indefinite-delivery/indefinite-quantity contract, now valued at $838.5M, the Department of Defense said Thursday.

Services cover workforce labor and facilities needed to maintain, repair and modernize ships visiting or assigned at the Port of San Diego.

Work under the latest award runs through March 2021.

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