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General Dynamics Electric Boat [2] ( GDEB) is a subsidiary of General Dynamics Corporation. It has been the primary builder of submarines for the United States Navy for more than 100 years. The company's main facilities are a shipyard in Groton, Connecticut, a hull-fabrication and outfitting facility in Quonset Point, Rhode Island, and a design ...
General Dynamics Corp.’s GD business unit, Electric Boat, recently clinched a modification contract to provide reactor plant planning yard support for nuclear-powered submarines.The award has ...
On 22 March 2021, the U.S. Navy added the 10th boat of the Block V series of the Virginia -class attack submarine, issuing a $2.4 billion adjustment on the December 2019 contract. This brings the total cost of the contract with prime contractor General Dynamics Electric Boat to $24.1 billion.
The MOD and GEC-Marconi negotiated on a new price for the contract, amounting to £2.4 billion for the first three Astute submarines, plus in service support. The contract was signed on 14 March 1997, for what was now called the Astute programme, with a fixed maximum price, and any cost overruns being assumed by GEC-Marconi, the contractor.
Shares were up 3.8% in early trading after the company forecast 2024 earnings per share of about $14.40 on revenue of $46.6 bil. General Dynamics beat Wall Street expectations for fourth-quarter ...
General Dynamics traces its ancestry to John Philip Holland's Holland Torpedo Boat Company. In 1899, Isaac Rice bought the company from Holland and renamed it Electric Boat Company. Electric Boat was responsible for developing the U.S. Navy's first modern submarines, which were purchased by the Navy in 1900.
In 1996, the two companies merged, forming United Natural Foods, and went public on the Nasdaq. In 2018, the company moved to the New York Stock Exchange. The company is ranked 139 on the Fortune ...
In December 2008, General Dynamics Electric Boat Corporation was selected to design the Common Missile Compartment that will be used on the Ohio-class successor. In 2012, the U.S. Navy announced plans for its SSBN(X) to share a common missile compartment (CMC) design with the Royal Navy's Dreadnought-class ballistic missile submarine.
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