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News Breaks
March 17, 2014
10:01 EDTGDGeneral Dynamics awarded $129M for MLP 3 AFSB
The U.S. Navy has awarded General Dynamics NASSCO a $128.5M contract for the detail design and construction of the Mobile Landing Platform, or MLP, 3 Afloat Forward Staging Base, or AFSB. NASSCO is a business unit of General Dynamics. Under the terms of the contract, NASSCO will provide the detail design and construction efforts to convert the MLP 3 to an AFSB variant. The work will be performed at NASSCO's San Diego shipyard and scheduled to be completed by October 2015. The MLP AFSB is a flexible platform and a key element in the Navy's large-scale airborne mine countermeasure mission. The ship is designed to facilitate a wide variety of future mission sets in support of special operations. With accommodations for 250 personnel and a large helicopter flight deck, the MLP AFSB will provide a highly capable and affordable asset to the Navy and Marine Corps.
News For GD From The Last 14 Days
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February 23, 2015
10:21 EDTGDGeneral Dynamics awarded $415M contract by US Army
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February 19, 2015
07:46 EDTGDAustralia opens bids for $8B armored vehicle defense contract, WSJ says
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February 17, 2015
12:49 EDTGDSpirit AeroSystems likely to collect some funds from Gulfstream,says Wells Fargo
After Spirit AeroSystems (SPR) disclosed in a February 13 regulatory filing that it had settled its dispute with General Dynamics' (GD) Gulfstream unit with respect to amounts due on G650 deliveries from 2010 through Q3 2013, Wells Fargo expects Spirit to collect some of the $135M that it held n retainage in accounts receivable for Gulfstream underpayments as of the end of last year. The firm says it cannot estimate the amount that Spirit will collect. It keeps an Outperform rating on Spirit.
10:01 EDTGDGeneral Dynamics awarded $50M for Abrams tank production
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