General Dynamics unit awarded $47.7M U.S. Navy contract modification The U.S. Navy has awarded General Dynamics Electric Boat a $47.7M contract modification to perform routine maintenance and modernization work on the USS Toledo. Electric Boat is a wholly owned subsidiary of General Dynamics (GD). The work is scheduled for completion in September 2013. The contract was initially award in May 2012 and has a potential value of $65M if all options are exercised.
BWX Technologies would be M&A fit for Huntington Ingalls, says Deutsche Bank Deutsche Bank noted that the planned spin-off of BWX Technologies (BWXT) from Babcock & Wilcox (BWC) is scheduled to be completed this week on July 1, stating that it believes the spun off company is likely to attract the attention of strategic players such as Huntington Ingalls (HII) and General Dynamics (GD). The firm thinks the potential M&A fit looks "most striking" for Huntington and estimates that a deal multiple could reach 10-11X the about $300M in EBITDA at BWX Technologies, which would likely be "worth the stretch" for the shipbuilder.