General Dynamics Corporation (NYSE:GD) shares are trading higher after the company announced on Wednesday that its business unit, General Dynamics Electric Boat, has been awarded a $1 billion undefinitized contract modification by the U.S. Department of Defense.
The funding will be used to purchase long lead-time materials for the Virginia-Class Block VI submarines, a component of the U.S. Navy’s submarine fleet.
The contract modification aims to ensure the necessary resources for high-rate production of these advanced submarines.
Mark Rayha, …
Full story available on Benzinga.com
General Dynamics Corporation (NYSE:GD) shares are trading higher after the company announced on Wednesday that its business unit, General Dynamics Electric Boat, has been awarded a $1 billion undefinitized contract modification by the U.S. Department of Defense.
The funding will be used to purchase long lead-time materials for the Virginia-Class Block VI submarines, a component of the U.S. Navy’s submarine fleet.
The contract modification aims to ensure the necessary resources for high-rate production of these advanced submarines.
Mark Rayha, …
Full story available on Benzinga.com
General Dynamics Corporation (NYSE:GD) shares are trading higher after the company announced on Wednesday that its business unit, General Dynamics Electric Boat, has been awarded a $1 billion undefinitized contract modification by the U.S. Department of Defense.
The funding will be used to purchase long lead-time materials for the Virginia-Class Block VI submarines, a component of the U.S. Navy’s submarine fleet.
The contract modification aims to ensure the necessary resources for high-rate production of these advanced submarines.
Mark Rayha, …Full story available on Benzinga.com Read MoreAI Generated, Briefs, Equities, GD, News, why it’s moving, Top Stories, Markets, Movers, General, GD, US3695501086, News, Equities, Top Stories, Markets, Movers, General, Benzinga News
