Search Results for: General Electric

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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General Dynamics Lands Potential $240M Navy Contract for Non-Nuclear Submarine Repairs

General Dynamics‘ (NYSE:GD) Electric Boat subsidiary has received a potential five-year, $239.9 million U.S. Navy contract to provide non-nuclear repair services to the Naval Submarine Support Facility in Connecticut. The Defense Department said Thursday the cost-plus-fixed-fee contract contains a base value of $45.8 million and work runs through December 2022. Electric Boat will perform overhaul, …

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General Dynamics Awarded $432M for FY 2018 Virginia-Class Submarine Work

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a potential $432 million contract modification to support the U.S. Navy‘s development research and design work on Virginia-class submarines in fiscal 2018. The Defense Department said Tuesday Electric Boat will help the Navy maintain and update design of Virginia-class submarines as well as support …

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General Dynamics Unit to Continue Navy Shipyard Support in Connecticut, South Carolina

TYSONS CORNER, VA, Oct. 17, 2017 — A General Dynamics subsidiary (NYSE: GD) will continue to provide shipyard services in support of the U.S. Navy‘s nuclear-powered submarines and moored training ships under a $28.6 million exercised contract option, ExecutiveBiz reported Monday. The Defense Department said Friday General Dynamics Electric Boat will procure or …

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Parsons Buys Williams Electric in Control Tech Market Push; Chuck Harrington, Carey Smith Comment

Parsons has purchased Williams Electric for an undisclosed sum as part of the Pasadena, California-based engineering services contractor’s move to expand its control systems business. Fort Walton Beach, Florida-based Williams Electric is a privately held company that provides electrical, control system integration, general contracting and energy infrastructure platforms and services …

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General Dynamics Subsidiary Gets $341M Navy Nuclear Submarine Support Contract Option

A General Dynamics (NYSE: GD) subsidiary has received a potential one-year, $341.1 million contract modification from the U.S. Navy to provide engineering, planning yard, design agent and technical support for the service branch’s nuclear submarines. The cost-plus-fixed-fee modification awarded to General Dynamics Electric Boat seeks to exercise the option on a contract awarded by …

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General Dynamics Lands $5B Contract to Complete Navy Columbia-Class Submarine Design

General Dynamics (NYSE: GD) Electric Boat subsidiary has received a potential $5 billion contract to complete design work on the lead Columbia-class ballistic missile submarine for the U.S. Navy. The Integrated Product and Process Development contract includes funds for the development of submarine components and technologies as well as manufacturing of a missile …

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General Dynamics Subsidiary Wins Potential $882M Contract to Build Navy Submarine Vertical Array Fixture

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has won a potential $882.1 million contract to develop a large vertical array fixture for U.S. Navy submarine acoustic detection efforts. The Naval Sea Systems Command received two bids for the cost-plus-incentive-fee, firm-fixed-price contract through a full and open competition on FedBizOpps, the Defense …

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