General Dynamics (NYSE:GD)
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By Stephen Nakrosis
General Dynamics Mission Systems on Wednesday said it received a contract with a potential value of almost $300 million to continue work on fire control systems on submarines for the U.S. Navy and the U.K. Royal Navy.
The company said the contract, which has a four-year term, is a follow-on to a contract first awarded in 2015 "for the development, production, installation and deployed-systems support of U.S. and U.K. Trident II submarine strategic weapons systems and subsystems."
Along with work on the fire control system for the U.S Navy's Columbia class submarine and the Royal Navy's Dreadnought class ballistic-missile submarine, the contract calls for work on the development and sustainment of the U.S. Navy's Ohio-class guided-missile submarine attack weapon control system, the company said.
The company said the majority of work to support the contract will take place in Massachusetts.
General Dynamics Mission Systems is a business unit of General Dynamics Corp. (GD).
--Write to Stephen Nakrosis at email@example.com
(END) Dow Jones Newswires
December 18, 2019 19:13 ET (00:13 GMT)
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