General Dynamics Unit Gets U.S. Navy Ship Repair Contract Worth Up To $753.8 Million
14 October 2023 - 5:18AM
Dow Jones News
By Josh Beckerman
General Dynamics said its NASSCO unit received a U.S. Navy ship
repair contract for an initial $15.6 million, with options that
could increase the cumulative value to $753.8 million.
The work on the USS Chung-Hoon and USS James E. Williams ships
will be performed in Norfolk, Va., and San Diego, and will continue
through November 2030 if all options are exercised.
On Sept. 29, General Dynamics Electric Boat was awarded a $967
million contract modification for Virginia-Class submarines.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 13, 2023 14:03 ET (18:03 GMT)
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