GD - GD's NASSCO unit awarded $736M to build a ninth ship under existing T-AO contract
2023-05-23 17:20:56 ET
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General Dynamics ( NYSE: GD ) said Tuesday that its NASSCO division has been awarded a $736 million modification to the existing T-AO contract.
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As per contract terms, the company will construct a ninth ship in the John Lewis-class fleet oiler program.
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The exercised option comes in addition to the earlier awarded eight ships, bringing the total contract value to about $5.5 billion for the construction of nine ships.
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Construction of T-AO 213 is scheduled to begin in the third quarter of 2025.
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GD's NASSCO unit awarded $736M to build a ninth ship under existing T-AO contract