General Dynamics Corp.’s GD business unit, Bath Iron Works (BIW), recently secured a multi-year contract for manufacturing four DDG 51 class ships. Work related to the deal is scheduled to be completed by June 2028.
Details of the Deal
Valued at $3.9 billion, the contract was awarded by the Naval Sea Systems Command, Washington, D.C. Per the terms of the deal, Bath Iron may also provide engineering change proposals, design budgeting requirements and post-delivery availabilities. On execution of these options, the cumulative value of the contract will reach $4 billion.
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