Sunday, December 14, 2008

General Dynamics Gets $940 Million U.S. Navy Deal

General Dynamics Gets $940 Million U.S. Navy Deal (NSI News Source Info) WASHINGTON - December 14, 2008: General Dynamics Corp is being awarded a U.S. Navy $940.4 million shipbuilding contract add-on, the Pentagon said on Friday. The contract modification covers a pair of dry cargo/ammunition ship construction options plus a kind of down payment for two more such ships, the Defense Department said in its daily contract digest. Work will be performed in San Diego, California, and is to be wrapped up by November 2014, for the last of the four T-AKE ships involved, the contract notice said. Included are options for "long lead" material for T-AKE 13 and T-AKE 14, which would be completed in 2014, the Pentagon said. The ships are designed to operate independently for extended periods while providing replenishment services to warships at sea. They are to replace aging T-AE ammunition ships and T-AFS combat stores ships that are nearing the end of their service lives, the Navy says. (Reporting by Jim Wolf)

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