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General Dynamics Gets $269M Contract Modification to Produce Submarine Missile Tubes for US, UK

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has received a nine-year, $269.2M contract modification to provide 42 missile tubes and outfitting material for the U.S. Navy’s Columbia-class ballistic missile submarines and the British navy’s Dreadnought-class underwater vessels. Naval Sea Systems Command issued the modification under the U.S.-UK Common Missile Compartment program, …

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Robert Smith to Lead General Dynamics Marine Systems Segment; Phebe Novakovic Quoted

Robert Smith, president of General Dynamics’ (NYSE: GD) Jet Aviation subsidiary, has been named executive vice president of the company’s marine systems segment in a move that will take effect on July 1. He will succeed the retiring John Casey, a shipbuilding industry veteran and former president of General Dynamics …

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General Dynamics Gets $191M in Navy Contract Actions for Submarine Post-Delivery Services

General Dynamics (NYSE: GD) Electric Boat business received three contract actions worth approximately $191.2M combined to provide post-delivery support services for the U.S. Navy’s USS South Dakota (SSN 790) Virginia-class nuclear submarine. The Department of Defense said Monday the company will provide planning, execution and alteration support for the submarine through a …

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McAleese & Associates: General Dynamics Projects 2019 CapEx to Rise to $1.2B Driven by Submarine Programs

A new report by consulting firm McAleese & Associates says General Dynamics (NYSE: GD) posted $36.2B in full-year 2018 sales, up 17 percent from the previous year. Jim McAleese, founder and principal at McAleese & Associates and a 2019 Wash100 winner, wrote in the report that the increase was primarily driven by $3.7B in …

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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 …

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GD Electric Boat, HII, Oceaneering Win Navy Submarine Safety Support Contracts

A General Dynamics (NYSE: GD) subsidiary, Huntington Ingalls Industries (NYSE: HII) and Oceaneering International (NYSE: OII) have received five-year contracts to support safety and material work aboard the U.S. Navy’s submarines. The Defense Department said Wednesday the indefinite-delivery/indefinite-quantity contracts cover support for Virginia-class, Seawolf-class, Ohio-class and Los Angeles-class submarines. The contractors …

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HII Launches Latest Virginia-Class Navy Sub Ahead of Testing, Crew Certification

TYSONS CORNER, VA, December 19, 2018 — Huntington Ingalls Industries (NYSE: HII) has rolled out a Virginia-class nuclear-powered submarine that it built with General Dynamics‘ (NYSE: GD) Electric Boat business, two months after the vessel’s christening as USS Delaware, ExecutiveBiz reported Tuesday. HII said Monday its Newport News Shipbuilding division launched …

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Russell Marsh Named Leonardo DRS Naval Power Systems Business Lead

Russell Marsh, a 12-year veteran of the U.S. Navy, has been appointed vice president and general manager of Leonardo DRS’ naval power systems business. He will be based in Milwaukee, Wis., and will oversee the unit that offers power, control, heating and cooling systems, as well as oil and gas products, Leonardo DRS said …

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General Dynamics Subsidiary Gets $346M Virginia-Class Submarine Support Contract Extension

General Dynamics’ (NYSE: GD) Electric Boat subsidiary will continue to provide lead yard support and conduct development studies and design efforts for the U.S. Navy’s Virginia-class submarines through the end of fiscal year 2019 under a $346.5M contract modification. The modification covers maintenance, engineering, design improvement, systems integration, logistics and …

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