U.S. Navy Awards General Dynamics $3.9 Bln Contract For Four DDG 51 Destroyers

Shutterstock photo

(RTTNews.com) - The U.S. Navy has awarded General Dynamics Bath Iron Works a contract valued at $3.9 billion for the construction of four Arleigh Burke-class destroyers. General Dynamics Bath Iron Works is a business unit of General Dynamics ( GD ).

"We are pleased with the opportunity for Bath Iron Works to continue our participation in the DDG 51 Program and to deliver much needed capability to our US. Navy customer," said Dirk Lesko, President of Bath Iron Works.

Lesko said Maine's Congressional delegation was instrumental in supporting passage of legislation that enabled this contract award.

Read the original article on RTTNews (http://www.rttnews.com/2939283/u-s-navy-awards-general-dynamics-3-9-bln-contract-for-four-ddg-51-destroyers.aspx)

For comments and feedback: contact editorial@rttnews.com

This article appears in: Government , Stocks
Referenced Symbols: GD

More from RTT News


See All RTT news

Research Brokers before you trade

Want to trade FX?