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March 5, 2014
10:01 EDTGDGeneral Dynamics awarded $36M for submarine work
General Dynamics Electric Boat has been awarded two contract modifications from the U.S. Navy worth a total value of $35.8M. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the first contract, valued at $19.8M, Electric Boat will perform advanced submarine research and development studies in support of a wide range of technology areas including manufacturability, maintainability, survivability, hydrodynamics, acoustics and materials. The company will also conduct research and development work in manning, hull integrity, performance, ship control, logistics, weapons handling and safety. The contract supports near-term Virginia-class technology insertion, future submarine concepts and core technologies. Initially awarded in November 2010, the contract has a potential value of $710.6M over five years. For the second contract, valued at $16M, Electric Boat will continue development of the Common Missile Compartment for the U.S. Ohio replacement submarine. The company will procure missile tube long-lead-time material and design and manufacture hardware. Initially awarded in December 2012, the five-year, $1.85B contract calls for Electric Boat to perform research and development work for the Navy's next-generation ballistic-missile submarine, which is scheduled to begin construction in 2021. The potential value of the overall contract is $2.3B.
News For GD From The Last 14 Days
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November 24, 2014
10:01 EDTGDSmith & Wesson, General Dynamics partner on modular handgun system
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09:19 EDTGDDefense Secretary Hagel said to be stepping down, NY Times reports
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November 21, 2014
05:53 EDTGDLockheed Martin upgraded to Neutral from Sell at UBS
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November 20, 2014
08:06 EDTGDKaman announces agreement with General Dynamics Canada
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November 19, 2014
10:01 EDTGDGeneral Dynamics partners with Advanced Material Engineering
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November 13, 2014
10:36 EDTGDGeneral Dynamics Canada awarded two contracts on Mercury Global Project
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10:02 EDTGDGeneral Dynamics Land Systems-Canada awarded C$287M contract from Canada
The Government of Canada has awarded a C$287M contract to General Dynamics Land Systems-Canada for the provision and integration of an enhanced surveillance suite on to Canadian LAV III Upgrade vehicles, known as LAV 6.0. The upgraded surveillance system will include a 10-meter retractable mast, an Operator Control Station and a surveillance suite inclusive of radar, thermal/day and image intensification sights, laser range finder and GPS mounted on a stabilized platform. These enhancements will allow for superior detection ranges, on-the-move operation, integrated silent watch power management and the transmission of images through the communications system. Deliveries of LAV 6.0 vehicles equipped with the upgraded surveillance suite will commence in December 2016.

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