General Dynamics (GD) was awarded a not-to-exceed $1.85B undefinitized contract action modification to a previously awarded contract for long lead time material and preliminary construction efforts associated with Virginia-class Block VI submarines. Work is expected to be completed by September 2035. Fiscal 2025 shipbuilding and conversion funds in the amount of $1.68B will be obligated at the time of award and will not expire at the end of the current fiscal year. Naval Sea Systems is the contracting activity.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GD:
- General Dynamics Information Technology awarded $580M task order
- Trump Trade: Fannie, Freddie ordered to explore crypto as federal mortgage asset
- Trump looks to buy more missiles, drones in budget request, Reuters says
- NATO Allies commit to invest 5% of GDP annually on core defense requirements
- General Dynamics price target raised to $300 from $290 at TD Cowen