Tag Archives: Maine News

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 Subsidiary Bath Iron Work Picks Up $105M Modification

General Dynamics (NYSE: GD) subsidiary Bath Iron Works won a $105.4 million modification from the Navy on a deal for procurement of long-lead-time material and engineering, production and support services associated with the construction of DDG 1001, and for long-lead-time material procurement associated with DDG 1002. According to the firm, …

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