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General Dynamics Secures $481M Contract Modification for Columbia-Class Submarine Construction

General Dynamics’ (NYSE: GD) Electric Boat business has received a $480.6M contract modification from the U.S. Navy to support the construction for the lead Columbia-class ballistic missile submarine in fiscal years 2019 and 2020. Electric Boat will also procure long-lead time materials needed for the production of the fleet under …

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General Atomics Lands $206M Air Force Reaper UAV Retrofit Contract

General Atomics‘ aeronautical systems business has secured a potential six-year, $206 million contract to retrofit the latest variant of the U.S. Air Force‘s MQ-9 Reaper unmanned aerial vehicles. The Defense Department said Wednesday General Atomics Aeronautical Systems Inc. will update 122 MQ-9 Block 5 UAVs through June 20, 2024. USAF will obligate $40.9 million in …

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General Dynamics Eyes $850M Investment for Submarine Builder Expansion in Connecticut

TYSONS CORNER, VA, May 3, 2018 — General Dynamics (NYSE: GD) is anticipated to invest an estimated $850 million to establish a new facility and expand operations in Connecticut in support of its General Dynamics Electric Boat subsidiary, ExecutiveBiz reported Wednesday. The Connecticut Post reported Tuesday the company is set to receive $83 …

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General Dynamics to Help Manage Navy’s Nuclear Regional Maintenance Department Under Potential $210M Contract

A General Dynamics (NYSE: GD) subsidiary has received a potential $210.4 million contract to help the U.S. Navy manage a nuclear regional maintenance department at the Naval Submarine Base New London in Connecticut. General Dynamics Electric Boat will provide staff and operation services to support requirements on nuclear-powered submarines stationed at the military base, the …

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General Dynamics Unit Completes Systems Delivery of 2nd Zumwalt-Class Destroyer to Navy

TYSONS CORNER, VA, April 26, 2018 — A subsidiary of General Dynamics (NYSE: GD) has completed the hull, mechanical and electrical delivery for the future USS Michael Monsoor ship to the U.S. Navy, ExecutiveBiz reported Wednesday. Bath Iron Works‘ delivery of the Zumwalt-class guided missile destroyer components follows a series of assessments …

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General Dynamics Receives $126M Contract Modification for Navy Submarine Missile Tube Components

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a five-year, $126.2 million contract modification from the U.S. Navy to obtain long-lead-time materials for the missile tube of Columbia-class ballistic missile submarines. This submarine missile tube is part of the joint U.S./U.K Common Missile Compartment program, the Defense Department said Monday. Seventy-two …

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General Dynamics Gets $696M Contract Modification for Additional Virginia-Class Submarine Materials

The U.S. Navy has awarded General Dynamics‘ (NYSE: GD) Electric Boat subsidiary a $696.2 million contract modification to obtain additional long-lead time materials needed to build four Virginia-class submarines. The modification will fund procurement of steam and electric plant components, main propulsion systems, ship service turbine generators and miscellaneous hull, mechanical and electrical parts …

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Phebe Novakovic: General Dynamics Seeks to Address Navy Demand With $2B Shipyard Investment

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 …

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General Dynamics Unit Previews 2,000+ New Jobs in Connecticut, Rhode Island

TYSONS CORNER, VA, Jan. 24, 2018 — A General Dynamics (NYSE: GD) subsidiary is set to hire 2,200 more workers this year for its submarine engineering, design, operations and fabrication operations in Connecticut and Rhode Island, ExecutiveBiz reported Tuesday. The Day reported Monday that General Dynamics Electric Boat President Jeffrey Geiger said at an event …

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General Dynamics, Huntington Ingalls Business Units Team on Navy Sub Development Work

TYSONS CORNER, VA, Dec. 21, 2017 — General Dynamics (NYSE: GD) has tapped Huntington Ingalls Industries (NYSE: HII) to provide integrated product and process development support for the U.S. Navy‘s Columbia-class submarines under a potential $468 million subcontract, ExecutiveBiz reported Wednesday. HII said Tuesday its Newport News Shipbuilding division received the …

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