General Dynamics Corp. (NYSE: GD) secured an $869 million modification Monday for its contract work on the Navy’s next ballistic missile submarine.
The new modification covers a fully priced option for two Columbia-class submarines — which will serve as the replacement for the Navy’s current Ohio-class submarine fleet — as well as “continued design completion, engineering work, affordability studies and design support efforts.”
The Navy plans to build 12 of the proposed nuclear-powered…
Source: The Business Journal
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