STOCK TITAN

Notifications

Limited Time Offer! Get Platinum at the Gold price until January 31, 2026!

Sign up now and unlock all premium features at an incredible discount.

Read more on the Pricing page

General Dynamics NASSCO Awarded $1.7 billion to construct T-AO 215 and T-AO 216

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

General Dynamics NASSCO (NYSE:GD) was awarded $1.7 billion to construct T-AO 215 and T-AO 216 as part of its multi-ship John Lewis‑class oiler contract (T-AO 214–221).

NASSCO is currently under contract to build 17 of the Navy's 20-ship program, has delivered four ships, and has five additional T-AOs under construction. The 742-foot vessels carry 162,000 barrels of oil, displace 49,850 tons, and reach speeds up to 20 knots. Company management said the timely funding will help stabilize the workforce and sustain backlog to prevent layoffs.

General Dynamics NASSCO (NYSE:GD) è stata assegnata $1.7 miliardi per costruire T-AO 215 e T-AO 216 nell'ambito del suo contratto pluriennale per navi cisterna della classe John Lewis (T-AO 214–221).

NASSCO è attualmente con un contratto per costruire 17 dei 20 programmi della Marina, ha consegnato quattro navi e ne ha altre cinque T-AOs in costruzione. Le navi lunghe 742 piedi trasportano 162.000 barili di petrolio, hanno una stazza di 49.850 tonnellate e raggiungono velocità fino a 20 nodi. Secondo la direzione, il finanziamento tempestivo contribuirà a stabilizzare la forza lavoro e a mantenere l backlog per evitare licenziamenti.

General Dynamics NASSCO (NYSE:GD) recibió $1.7 mil millones para construir T-AO 215 y T-AO 216 como parte de su contrato de petróleo de clase John Lewis de múltiples buques (T-AO 214–221).

NASSCO actualmente tiene contrato para construir 17 de las 20 embarcaciones del programa de la Marina, ha entregado cuatro buques y tiene cinco T-AOs adicionales en construcción. Los buques de 742 pies transportan 162,000 barriles de petróleo, desplazan 49,850 toneladas y alcanzan velocidades de hasta 20 nudos. Según la dirección de la empresa, la financiación oportuna ayudará a estabilizar la fuerza laboral y mantener el backlog para evitar despidos.

General Dynamics NASSCO (NYSE:GD)는 다중함선 존 루이스급 연료보급선 계약(T-AO 214–221)의 일부로 $1.7십억을 받아 T-AO 215와 T-AO 216을 건설합니다.

NASSCO는 현재 해군의 20척 규모 프로그램 중 17척을 건조 계약으로 보유하고 있으며, 이미 네 척을 인도했고 추가로 다섯 척의 T-AOs가 건조 중입니다. 742피트 길이의 선박은 162,000배럴의 석유를 운반하고, 배수량은 49,850톤, 속도는 최고 20노트에 이릅니다. 회사 경영진은 시기적절한 재정지원이 노동력의 안정화와 선적 대기고를 유지해 해고를 방지하는 데 도움이 될 것이라고 말했습니다.

General Dynamics NASSCO (NYSE:GD) a reçu 1,7 milliard de dollars pour construire les T-AO 215 et T-AO 216 dans le cadre de son contrat multi-navires de la classe John Lewis (T-AO 214–221).

NASSCO est actuellement sous contrat pour construire 17 des 20 navires du programme de la Marine, a livré quatre navires et en construit cinq autres T-AOs. Les navires de 742 pieds transportent 162 000 barils de pétrole, déplacent 49 850 tonnes et atteignent des vitesses allant jusqu'à 20 nœuds. La direction a déclaré que le financement opportun contribuerait à stabiliser la main-d'œuvre et à soutenir l'arriéré afin d'éviter des licenciements.

General Dynamics NASSCO (NYSE:GD) erhielt $1,7 Milliarden, um T-AO 215 und T-AO 216 im Rahmen des Mehrschiff-Vertrags der John-Lewis-Klasse (T-AO 214–221) zu bauen.

NASSCO hat derzeit einen Vertrag, 17 von 20 Schiffen des U.S. Navy-Programms zu bauen, hat vier Schiffe ausgeliefert und weitere fünf T-AOs befinden sich im Bau. Die 742 Fuß langen Schiffe tragen 162.000 Barrel Öl, verdrängen 49.850 Tonnen und erreichen Geschwindigkeiten von bis zu 20 Knoten. Die Geschäftsführung erklärte, dass die rechtzeitige Finanzierung dazu beitragen werde, die Belegschaft zu stabilisieren und den Auftragsbestand zu sichern, um Entlassungen zu vermeiden.

General Dynamics NASSCO (NYSE:GD) فازت بـ $1.7 مليار لبناء T-AO 215 و T-AO 216 كجزء من عقدها متعدد السفائن من فئة جون لويس (T-AO 214–221).

حالياً لدى NASSCO عقد لبناء 17 من برنامج البحرية المكون من 20 سفينة، سلمت أربع سفن، ولديها خمسة T-AOs إضافية قيد الإنشاء. السفن بطول 742 قدم تحمل 162,000 برميل من النفط، وتزاح 49,850 طنًا، وتصل سرعتها إلى 20 عقدة. قال مسؤولو الشركة إن التمويل في الوقت المناسب سيساعد على استقرار قوة العمل واستدامة القائمة من الأعمال لضمان عدم تسريح العمال.

Positive
  • Awarded $1.7 billion to build T-AO 215 and T-AO 216
  • Under contract to build 17 of 20 John Lewis‑class ships
  • First 4 ships delivered, with 5 additional T-AOs under construction
  • Oiler capacity: 162,000 barrels and 49,850 tons full load displacement
  • Funding expected to stabilize workforce and prevent layoffs
Negative
  • None.

Insights

Contract award of $1.7 billion for two John Lewis‑class oilers strengthens NASSCO backlog and stabilizes workforce.

General Dynamics NASSCO received a $1.7 billion award on Nov. 10, 2025 to build T‑AO 215 and T‑AO 216 under its multi‑ship Navy program. The work adds to an existing program where NASSCO has delivered four ships, has five under construction, and holds contracts dating from 2016, 2022, and 2024. This award directly increases funded backlog and keeps production lines active.

The primary dependency is continued Navy funding and schedule adherence, since the contract supports labor continuity and prevents layoffs as stated. Risks include potential schedule slips or funding changes that would reduce near‑term utilization; the release explicitly ties the award to workforce stabilization. Monitor contract modifications, keel milestones, and Navy funding language over the next 12–36 months for tangible execution signals.

NASSCO currently under contract to build 17 of the Navy's 20-ship program of record, and has delivered four to date.

SAN DIEGO, Nov. 10, 2025 /PRNewswire/ -- General Dynamics NASSCO, a business unit of General Dynamics (NYSE:GD), announced today that it has been awarded $1.7 billion for the construction of T-AO 215 and T-AO 216. The ships are part of NASSCO's current multi-ship contract from the U.S. Navy for the construction of up to eight additional John Lewis-class fleet replenishment oilers (T-AO 214 through 221).

"The T-AO program holds significant importance to the men and women of NASSCO and is one we take great pride in – it's the longest running Navy production series in NASSCO history," said Dave Carver, president of General Dynamics NASSCO. "The timely funding for these two ships will act to stabilize the workforce by sustaining an important backlog and prevent future layoffs. Our entire NASSCO team is honored to continue to support the critical national security mission of the U.S. Navy."

In 2016, the Navy awarded NASSCO with a contract to design and build the first six ships in the next generation of fleet oilers, the John Lewis-class. In 2022, that contract was modified to add an additional three oilers (T-AO 211 – 213). In 2024 NASSCO received an additional eight-ship contract to build T-AOs 10-17.

Designed to transfer fuel to U.S. Navy ships operating at sea, the 742-feet vessels have a full load displacement of 49,850 tons, capacity to carry 162,000 barrels of oil and significant amounts of dry cargo, as well as providing aviation capability while traveling at speeds up to 20 knots.

The first four ships of the program have been delivered to the U.S. Navy, with five additional T-AOs currently under construction in the NASSCO shipyard.

General Dynamics NASSCO specializes in the design and construction of Navy and commercial ships and is a major provider of repair services for the U.S. Navy, with capabilities in San Diego, California; Norfolk, Virginia; Mayport, Florida; and Bremerton, Washington. It is a business unit of General Dynamics, 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 110,000 people worldwide and generated $47.7 billion in revenue in 2024. More information about General Dynamics is available at www.gd.com. More information about General Dynamics NASSCO is available at www.nassco.com.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/general-dynamics-nassco-awarded-1-7-billion-to-construct-t-ao-215-and-t-ao-216--302610738.html

SOURCE General Dynamics

FAQ

What did General Dynamics NASSCO announce on November 10, 2025 regarding T-AO ships (GD)?

NASSCO announced a $1.7 billion award to construct T-AO 215 and T-AO 216 under the John Lewis‑class program.

How many John Lewis‑class oilers is NASSCO contracted to build and how many delivered (GD)?

NASSCO is under contract to build 17 of the Navy's 20‑ship program and has delivered 4 ships to date.

What are the key specifications of the John Lewis‑class T-AO ships mentioned by NASSCO (GD)?

Each ship is 742 feet, full load displacement 49,850 tons, capacity 162,000 barrels of oil, and speed up to 20 knots.

How will the $1.7 billion award affect NASSCO's workforce and backlog (GD)?

Company said the timely funding will help stabilize the workforce, sustain backlog and prevent future layoffs.

Where does General Dynamics NASSCO operate and what was General Dynamics' 2024 revenue (GD)?

NASSCO has facilities in San Diego, Norfolk, Mayport and Bremerton, and General Dynamics reported $47.7 billion revenue in 2024.
General Dynamics Corp

NYSE:GD

GD Rankings

GD Latest News

GD Latest SEC Filings

GD Stock Data

93.55B
268.54M
0.51%
86.43%
0.82%
Aerospace & Defense
Ship & Boat Building & Repairing
Link
United States
RESTON