Tag Archives: shipyard

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 to Mainain Nuclear Subs on $164M Contract

A General Dynamics (NYSE: GD) subsidiary has won a $20 million contract modification to continue helping the U.S. Navy maintain and upgrade nuclear submarines. General Dynamics Electric Boat will provide management, planning, training and nuclear services to the Nuclear Regional Maintenance Department at the Naval Submarine Base in Groton, Conn., …

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General Dynamics to Acquire Norfolk-based Ship Repair Company Metro Machine Corp.

General Dynamics (NYSE: GD) has entered an agreement to acquire Metro Machine Corp.,  a surface-ship repair company that supports the U.S. Navy fleet in Norfolk, Va., for an undisclosed amount of cash. General Dyanmics expects the move to increase its earnings beginning in 2012. Metro will join the shipbuilding and repair …

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