- General Dynamics NASSCO, a subsidiary of General Dynamics ( NYSE: GD ) received $1.4B in U.S. Navy contract modifications for construction of a sixth Expeditionary Sea Base ship and two additional John Lewis-class fleet oilers (T-AO 211 and 212).
- This award comes in addition to $600M already received to procure long-lead time materials for the same ships.
- The contract modification also provides an option for the Navy to procure an additional oiler, T-AO 213, bringing the total potential value to $2.7B for the four ships.
- Construction of the four ships is scheduled to begin in the third quarter of 2023 and continue into 2027.
For further details see:
General Dynamics NASSCO bags $1.4B contract to build U.S. Navy ships