The U.S. Navy announced today that General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), was awarded a contract to continue providing planning yard services for DDG 51 Arleigh Burke-class guided missile destroyers.
The U.S. Navy announced today that General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), was awarded a contract to continue providing planning yard services for DDG 51 Arleigh Burke-class guided missile destroyers.
The guided-missile destroyer USS Arleigh Burke (DDG 51) returns home from deployment (Picture source : US Navy)
Planning yard services include design, material kitting, logistics, planning and execution. The contract is valued at $126 million for the first year with four option years which, if exercised and fully funded by the Navy, would bring the total value of the contract to $719 million. The majority of the Planning Yard services work will be performed in Maine. Bath Iron Works also currently manages post-delivery maintenance and modernization activities for DDG 1000-class ships and LCS-class ships.
