SPY339.39-6.39 -1.85%
DIA277.00-6.34 -2.24%
IXIC11,358.94-189.35 -1.64%

General Dynamics Wins $327.8 Million Navy Contract To Support Fleet Maintenance, Submarine Development, Plus $364 Million Enterprise IT Contract From GSA

GROTON, Conn., Oct. 13, 2020 /PRNewswire/ -- General Dynamics Electric Boat, a wholly-owned subsidiary of General Dynamics (NYSE:GD), has been awarded a $327.8 million cost-plus-fixed-fee

· 10/13/2020 14:11

GROTON, Conn., Oct. 13, 2020 /PRNewswire/ -- General Dynamics Electric Boat, a wholly-owned subsidiary of General Dynamics (NYSE:GD), has been awarded a $327.8 million cost-plus-fixed-fee contract modification for fiscal year 2020 for lead yard support, development studies and design efforts for Virginia-class submarines. 

A Virginia-class submarine under construction at General Dynamics Electric Boat in Groton, Connecticut. The shipyard was awarded a $327.8 million contract for fleet maintenance and sub design work.

Under the contract modification, Electric Boat will undertake development studies and other work related to Virginia-class submarine design improvements, including incorporation of new technologies. The work will engage Electric Boat's engineering and design organization, which comprises more than 5,000 employees. These employees work on all facets of the submarine life cycle from concept formulation and design through construction, maintenance and modernization, and eventually to inactivation and disposal.

"Over the life of the Virginia program, the shipbuilders of Electric Boat have made improvements to the design of each ship," said Kevin Graney, President, General Dynamics Electric Boat.  "This lead yard services contract will fund critical research and development work to further advance the stealth, capability and superiority of the Virginia class, providing our sailors with a greater advantage in the undersea domain."

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2019. More information about Electric Boat is available at www.gdeb.com. More information about General Dynamics is available at www.gd.com.

General Dynamics (PRNewsFoto/General Dynamics) (PRNewsFoto/General Dynamics)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/general-dynamics-electric-boat-awarded-327-8-million-navy-contract-to-support-fleet-maintenance-and-virginia-class-sub-development-and-design-work-301151440.html

SOURCE General Dynamics Electric Boat

FALLS CHURCH, Va., Oct. 13, 2020 /PRNewswire/ -- General Dynamics Information Technology (GDIT), a business unit of General Dynamics (NYSE:GD), announced today it has been awarded a contract by the General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM) to continue providing digital enterprise services for Special Operations Forces (SOF).

General Dynamics Information Technology (GDIT) was awarded a General Services Administration (GSA) Federal Systems Integration and Management Center (FEDSIM) contract to continue providing digital enterprise services for Special Operations Forces (SOF).

GDIT will design and implement technology capabilities to enable rapid data analysis and dissemination of critical operational intelligence in response to emerging threats. The SOF Information Technology Enterprise Contract J (SITEC J) is a single award with a total estimated value of $364 million. It includes a one-year base period with four one-year options.

Under the SITEC J contract, GDIT will support local and remote connections to a global Department of Defense network. The work will leverage both existing and new data centers as well as new instances of cloud computing. Through a hybrid data storage approach and the introduction of automation, SOF units will be able to consolidate, analyze and disseminate information in real time as they protect U.S. interests.

"We are excited to build upon the work we started in 2012 and to continue our support of the GSA as a trusted technology provider," said Leigh Palmer, senior vice president, GDIT defense division. "GDIT will provide enhanced enterprise IT capabilities to ensure our Special Operations Forces around the world are connected to the information and intelligence they need."

Work completed under SITEC J will increase operations efficiency and deliver flexibility for SOF units. With an emphasis on performance-based managed services, GDIT's support will deliver the outcomes SOF missions require and users demand. 

General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2019. More information about GDIT is available at www.gdit.com. More information about General Dynamics is available at www.gd.com.

General Dynamics (PRNewsFoto/General Dynamics) (PRNewsFoto/General Dynamics)

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/general-dynamics-information-technology-awarded-364-million-enterprise-it-contract-by-gsa-301151439.html

SOURCE General Dynamics Information Technology