BATH, Maine, March 31, 2016 /PRNewswire/ -- The U.S. Navy has awarded funding for the planning and construction of DDG 124, the Fiscal Year 2016 Arleigh Burke-class destroyer under contract at General Dynamics Bath Iron Works. The $644.3 million contract modification fully funds this ship, which was awarded as part of a multi-year competition for DDG 51 class destroyers awarded in 2013. The total value of the five-ship contract is approximately $3.4 billion. General Dynamics Bath Iron Works is a business unit of General Dynamics (NYSE: GD).
Fred Harris, president of Bath Iron Works, said, "This funding will allow us to continue our efforts associated with planning and construction of DDG 124. The men and women of Bath Iron Works are working hard to continuously improve our processes as we contribute to the U.S. Navy's important shipbuilding programs."
There are currently four DDG 51 destroyers in production at Bath Iron Works: Rafael Peralta (DDG 115), Thomas Hudner (DDG 116), Daniel Inouye (DDG 118) and Carl M. Levin (DDG 120).
The Navy has named DDG 124 the Harvey C. Barnum, Jr., after a retired U.S. Marine Corps officer who received the Medal of Honor for valor during the Vietnam War. Colonel Barnum served as Deputy Assistant Secretary of the Navy for Reserve Affairs and as Acting Assistant Secretary of the Navy (Manpower and Reserve Affairs).
The Arleigh Burke-class destroyer is a multi-mission combatant that offers defense against a wide range of threats, including ballistic missiles. It operates in support of carrier battle groups, surface action groups, amphibious groups and replenishment groups, providing a complete array of anti-submarine (ASW), anti-air (AAW) and anti-surface (SuW) capabilities.
Designed for survivability, the ships incorporate all-steel construction and have gas turbine propulsion. The combination of the ships' AEGIS combat system, the Vertical Launching System, an advanced ASW system, two embarked SH-60 helicopters, advanced anti-aircraft missiles and Tomahawk anti-ship and land-attack missiles make the Arleigh Burke class destroyers the most powerful surface combatants ever put to sea.
Bath Iron Works currently employs approximately 6,100 people.
More information about General Dynamics Bath Iron Works can be found at www.gdbiw.com.
More information about General Dynamics is available at www.gd.com.
MY OPINION IS JUST MY OPINION.
Recent GD News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 06:55:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/22/2024 06:50:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/21/2024 06:11:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/21/2024 03:59:12 PM
- Li Auto Stocks Drop Post Earnings; Calhoun Re-elected to Boeing Board, and More News • IH Market News • 05/20/2024 11:03:22 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/17/2024 07:21:53 PM
- GDIT Awarded $185 Million Task Order to Provide Global Cybersecurity Services for U.S. Air Force Civil Engineer Center • PR Newswire (US) • 05/17/2024 04:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 05:15:24 PM
- Gulfstream G700 Earns EASA Certification • PR Newswire (US) • 05/15/2024 03:33:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 06:07:27 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/13/2024 05:39:04 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/10/2024 03:15:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/07/2024 03:05:08 PM
- U.S. Futures Display Mixed Results Amid Earnings, WTI and Brent Crude Prices Dip in June Futures Trading • IH Market News • 04/24/2024 11:31:20 AM
- General Dynamics Reports First-Quarter 2024 Financial Results • PR Newswire (US) • 04/24/2024 11:00:00 AM
- General Dynamics to Webcast 2024 First-Quarter Financial Results Conference Call • PR Newswire (US) • 04/04/2024 07:30:00 PM
- Gulfstream G700 Earns FAA Certification • PR Newswire (US) • 03/29/2024 02:31:00 PM
- GDIT Awarded $922 Million Contract to Modernize U.S. Central Command IT Infrastructure • PR Newswire (US) • 03/28/2024 07:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:44:43 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/07/2024 09:42:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:41:57 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:39:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:35:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:28:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/07/2024 09:22:53 PM
Branded Legacy, Inc. Unveils Collaboration with Celebrity Tattoo Artist Kat Tat for New Tattoo Aftercare Product • BLEG • May 22, 2024 8:30 AM
"Defo's Morning Briefing" Set to Debut for "GreenliteTV" • GRNL • May 21, 2024 2:28 PM
North Bay Resources Announces 50/50 JV at Fran Gold Project, British Columbia; Initiates NI 43-101 Resources Estimate and Bulk Sample • NBRI • May 21, 2024 9:07 AM
Greenlite Ventures Inks Deal to Acquire No Limit Technology • GRNL • May 17, 2024 3:00 PM
Music Licensing, Inc. (OTC: SONG) Subsidiary Pro Music Rights Secures Final Judgment of $114,081.30 USD, Demonstrating Strength of Licensing Agreements • SONGD • May 17, 2024 11:00 AM
VPR Brands (VPRB) Reports First Quarter 2024 Financial Results • VPRB • May 17, 2024 8:04 AM