GD - General Dynamics secures $149.5M maintenance contract for the US Navy

• General Dynamics ( NYSE: GD ) is awarded an ~$149.45M firm-fixed-price contract action for maintenance, modernization and repair of USS Arlington (LPD 24) fiscal 2023 docking selected restricted availability.
• The scope of this acquisition includes all labor, supervision, facilities, equipment, production, testing, and quality assurance necessary to prepare for and accomplish the CNO Availability for managing critical modernization, maintenance and repair programs.
• This contract includes options which, if exercised, would bring the cumulative value of this contract to $168.45M.
• Work will be performed in Norfolk, Virginia, and is expected to be completed by September 2024.
• The Naval Sea Systems Command is the contracting activity.

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