Navy Awards $600M in Ship Material Procurement Funds to General Dynamics NASSCO

A Standard Dynamics (NYSE: GD) subsidiary has gained $600 million in two deal modification awards from the U.S. Navy for long-guide-time materials demanded by the support branch’s replenishment oiler and sea system ships.

The initially award to Common Dynamics NASSCO is truly worth $500 million and handles products for the Navy’s T-AO 211 and 212 oilers even though the second amounts to $100 million and gives for Expeditionary Sea Base 8 factors, the Department of Protection explained Tuesday.

Almost half of oiler-related get the job done will be conducted in Iron Mountain, Michigan, and San Diego, California. It will operate via June 2027.

The 2nd award, on the other hand, will have to have the shipbuilder to carry out 73 % of ESB 8 operate in Pittsburgh, Pennsylvania Beloit, Wisconsin and San Diego, California, till March 2026.

The Naval Sea Programs Command will use the Navy shipbuilding and conversion funds to fund the agreement modifications. It will obligate the complete sum at the time of award.