General Dynamics was awarded a not-to-exceed $349.78M undefinitized contract action modification to a previously awarded contract for long lead time material in support of the planned Virginia Class Block VI submarines, and in furtherance of the Navy’s commitment to the health and stability of the industrial base. Work is expected to be completed by September 2035. FY24 shipbuilding and conversion funds in the amount of $349.78M will be obligated at time of award and will not expire at the end of the current fiscal year. Naval Sea Systems is the contracting activity.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- General Dynamics awarded $878M Navy contract modification
- General Dynamics awarded $376.79M Navy contract modification
- General Dynamics awarded $243.8M Navy contract order
- General Dynamics price target lowered to $314 from $320 at Deutsche Bank
- CVS to cut jobs, PepsiCo acquires Siete Foods: Morning Buzz