GD - General Dynamics unit bags a $383M U.S. Navy training services contract

2023-06-16 02:44:29 ET

General Dynamics Information Technology (GDIT), part of General Dynamics ( NYSE: GD ) awarded a $383M training support services contract by the Naval Surface Warfare Center Dahlgren Division in Virginia.

The contract, awarded on behalf of Surface Combat Systems Training Command (SCSTC) has a one-year base period and four option years.

Over the life of  the contract, GDIT will train more than 100K U.S. and allied sailors in classroom and simulation settings ashore and aboard Navy warships around the globe.

The contract expands the company's training support services portfolio across the DOD.

In April, GDIT was awarded a $1.7B Flight School Training Support Services contract to support the U.S. Army.

More on General Dynamics:

• General Dynamics: A Long-Term Dividend Grower With Upside
• GD Electric Boat lands $1.08B contract modification for submarines from U.S. Navy
• General Dynamics: Rise In Global Military Spending Could Drive Outperformance

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