Investment

General Dynamics Unit Gets U.S. Navy Ship Repair Contract Worth Up To $753.8M

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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 [email protected]


Read the full article here

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