General Dynamics Mission Systems Awarded $272.9 Million Contract for US and UK Submarine Fire Control Systems
General Dynamics Mission Systems has been awarded a $272.9 million contract by the U.S. Navy for the development, production, and installation of fire control systems for the Columbia- and Dreadnought-class submarines.
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Rhea-AI Summary
General Dynamics Mission Systems has been awarded a $272.9 million contract by the U.S. Navy for the development, production, and installation of fire control systems for the Columbia- and Dreadnought-class submarines. The contract, extending over six years and expected to be completed by July 2028, marks the second contract of its kind for General Dynamics. The project will enhance strategic weapons systems for both U.S. and U.K. submarines, with significant activities based in Pittsfield, Massachusetts.
Positive
- Awarded $272.9 million contract, enhancing revenue potential.
- Support for both U.S. and U.K. submarine strategic systems.
- Contract extension strengthens long-term business relations.
Negative
- None.
Details
News Market Reaction – GD
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PITTSFIELD, Mass., July 20, 2022 /PRNewswire/ -- General Dynamics Mission Systems, a business unit of General Dynamics (NYSE: GD), announced today it was awarded a U.S. Navy contract to support development, production and installation of fire control systems for the Columbia- and Dreadnought-classes of ballistic missile submarines.
The contract as awarded has a value of
General Dynamics Mission Systems' Maritime and Strategic Systems line of business will deliver the fire control system for the U.S. Navy's second and third Columbia-class submarine and the third U.K. Dreadnought class submarine as well as installation support and pre-deployment planning for both U.S. and U.K. sites. This contract also includes Columbia and Dreadnought design completion scope and continuation of design activities for the first planned refresh of the Columbia and Dreadnought fire control system.
"The U.S Columbia and U.K. Dreadnought class submarines are of strategic importance to our nation and our allies. General Dynamics has been supporting previous submarine programs for more than 65 years and we are extending our support through the development, production and installation of mission critical systems for this new fleet of submarines," said Carlo Zaffanella, vice president and general manager at General Dynamics Mission Systems.
General Dynamics Mission Systems provides mission-critical solutions for defense, intelligence and cybersecurity customers across all domains. Headquartered in Fairfax, Virginia, General Dynamics Mission Systems employs approximately 13,000 people worldwide. More information about General Dynamics Mission Systems is available at gdmissionsystems.com.
General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 100,000 people worldwide and generated
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SOURCE General Dynamics Mission Systems
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