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General Dynamics Bath Iron Works Awarded Contract for Additional DDG 51 Destroyer

1. U.S. Navy exercised option for an additional DDG 51 destroyer. 2. Bath Iron Works aims to improve ship construction processes. 3. General Dynamics generated $47.7 billion in revenue in 2024. 4. Congressional delegation supported adding the ship to the Defense Appropriations Bill. 5. Bath Iron Works currently builds multiple Arleigh Burke-class destroyers.

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Why Bullish?

The contract extension signals continued demand, positively affecting GD's stock. Similar past contracts often resulted in increased stock performance.

How important is it?

This news reflects key strategic growth in defense operations, likely influencing GD's valuation positively.

Why Long Term?

The multi-year contract indicates sustained business for years, boosting GD's long-term financial outlook. Historically, large defense contracts have translated into prolonged revenue streams.

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, /PRNewswire/ -- General Dynamics Bath Iron Works, a business unit of General Dynamics (NYSE:GD), announced today that the U.S. Navy has exercised an option to add an additional DDG 51 destroyer to the multi-year contract awarded in 2023. DDG 124 returning from Sea Trials last week. "We are proud to be selected to build this ship for the U.S. Navy and to continue our legacy of contributing to the nation's defense," said Charles F. Krugh, president of Bath Iron Works. "I appreciate the efforts of our team to improve the construction process and build to the plan. We are clawing back schedule so we can deliver more Bath-built ships to our Navy. I would also like to acknowledge and thank our Congressional delegation who added this ship to the Fiscal Year 2025 Defense Appropriations Bill." Bath Iron Works currently has under construction the Flight IIA Arleigh Burke-class destroyers Harvey C. Barnum Jr. (DDG 124) and Patrick Gallagher (DDG 127) as well as the Flight III configuration destroyers Louis H. Wilson Jr. (DDG 126), William Charette (DDG 130), Quentin Walsh (DDG 132), John E. Kilmer (DDG 134) and Richard G. Lugar (DDG 136). 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 110,000 people worldwide and generated $47.7 billion in revenue in 2024. More information is available at www.gd.com. More information about General Dynamics Bath Iron Works is available at www.gdbiw.com.SOURCE General Dynamics WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In Also from this source

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