General Dynamics Bath Iron Works, a subsidiary of
General Dynamics Corporation
), performed the keel laying ceremony of DDG 1001, the second
ship amongst the planned three-ship Zumwalt class of
The laying of the keel implies the ceremonial beginning of the
construction of a vessel. A structural keel is a beam around
which the hull of a ship is built. The keel unit is the heavily
outfitted mid-fore body section of the ship that weighed
The DDG-1000 Zumwalt-class destroyer is the U.S. Navy's
next-generation, guided-missile naval destroyer. Going forward,
these destroyers will help in creating a new generation of
advanced multi-mission surface combat ships. These ships will
consist of a low radar profile, an integrated power system and a
total ship computing environment infrastructure.
Originally, 32 ships were planned and later the number was
reduced to 10 and then to 3 ships. In late 2005, the program
entered the detailed design and integration phase which involved
almost every major defense contractor of the likes of
), Northrop Grumman Ship Systems − which was then a part of
Northrop Grumman Corporation
Lockheed Martin Corporation
) and many others. The keel laying for the first ship was
performed in Nov 2011.
The Zumwalt-class destroyers are in high demand. Even before the
completion of production of the first next generation DDG-1000
class destroyer, it has begun receiving orders for the same.
Recently, Bath Iron Works clinched an $18.0 million contract for
the modification of the first DDG-1000 Zumwalt class guided
missile destroyer. The contract is an extension of the original
$3.1 billion maintenance and support deal that the company
received in 2008.
These types of contracts will enable General Dynamics to continue
to lend its expertise and resources for supporting the building
and maintenance of the vessel.
General Dynamics is engaged in mission-critical information
systems and technologies; land and expeditionary combat vehicles,
armaments and munitions; shipbuilding and marine systems; and
business aviation. The company is equipped to build
nuclear-powered submarines in the U.S. Its revenue exposure is
spread over a broad portfolio of products and services that will
keep the overall growth momentum steady.
However, like all defense majors the future prospects of the
company is tied to the U.S. defense budget. The company presently
retains a short-term Zacks Rank #3 (Hold).
GENL DYNAMICS (GD): Free Stock Analysis
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