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Re: ProfitScout post# 202

Friday, 09/29/2017 10:01:53 AM

Friday, September 29, 2017 10:01:53 AM

Post# of 448
Navy Awards General Dynamics Bath Iron Works Funding for Two DDG 51-Class Destroyers

BATH, Maine, Sept. 28, 2017 /PRNewswire/ -- The U.S. Navy has awarded General Dynamics Bath Iron Works funding for the planning and construction of two Arleigh Burke-class destroyers, DDG 126 and DDG 127. The contract modification fully funds the two ships.

DDG 126 was awarded under the contract that was part of a multi-year competition for DDG 51-class destroyers in 2013. DDG 127 was approved by Congress under separate legislation.

Dirk Lesko, president of Bath Iron Works, said: "These contracts help to stabilize our business and are welcome news. We are grateful to Maine's congressional delegation and Navy Secretary Spencer for their efforts and leadership."

The contract modification includes funding for the Flight III upgrades on DDG 126.

There are currently four DDG 51 destroyers in production at Bath Iron Works: Thomas Hudner (DDG 116), Daniel Inouye (DDG 118), Carl M. Levin (DDG 120) and John Basilone (DDG 122). The Navy has named DDG 126 the Louis H. Wilson, Jr., after the 26th Commandant of the U.S. Marine Corps, who was a World War II recipient of the Medal of Honor for his actions during the Battle of Guam.

The Arleigh Burke-class destroyer is a multi-mission combatant that offers defense against a wide range of threats. It operates in support of carrier battle groups, surface action groups, amphibious groups and replenishment groups, providing a complete array of anti-submarine, anti-air and anti-surface capabilities.

More information about General Dynamics Bath Iron Works, a business unit of General Dynamics
(NYSE: GD), can be found at http://www.gdbiw.com.

http://photos.prnewswire.com/prnvar/20140428/81320


View original content:http://www.prnewswire.com/news-releases/navy-awards-general-dynamics-bath-iron-works-funding-for-two-ddg-51-class-destroyers-300527954.html

SOURCE General Dynamics Bath Iron Works
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