Tag Archives: general dynamics

Defense Industry Weathering COVID-19 Economic Slowdown

Defense Industry Weathering COVID-19 Economic Slowdown

PALMDALE, Calif. – June 29, 2018 – A Northrop Grumman quality team performs final inspection of an F-35 center fuselage produced by the company at its Palmdale Aircraft Integration Center of Excellence. Northrop Grumman photo

The defense sector appears more insulated from the worst financial effects caused by the COVID-19-related economic slowdown when compared to other industries.

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General Dynamics Highlights 'Prudently Managed' Investments Ahead of Increase in Sub-Building

General Dynamics Highlights ‘Prudently Managed’ Investments Ahead of Increase in Sub-Building

Virginia-class attack submarine North Dakota (SSN-784) is rolled out of an indoor shipyard facility at General Dynamics Electric Boat in Groton, Conn. US Navy Photo

As General Dynamics starts building two submarine classes simultaneously this year, the defense contractor is focused on showing shareholders and lawmakers that it can ramp up production while keeping costs in check.

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Budget Concerns Led Huntington Ingalls to Sit Out Coast Guard Icebreaker Contest

Budget Concerns Led Huntington Ingalls to Sit Out Coast Guard Icebreaker Contest

Ingalls Shipbuilding lands the 700-ton deckhouse on the amphibious assault ship Tripoli (LHA 7) on July 9, 2016. Ingalls Shipbuilding photo.

The U.S. Coast Guard offered industry the potential for a multi-ship, multi-year, multi-billion-dollar program in its heavy icebreaker competition – but funding uncertainties gave some of the nation’s largest shipbuilders cold feet when it came time to bid.

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Electric Boat 97% Done with Columbia Submarine's Design Arrangements, Ahead of Construction Start Next Year

Electric Boat 97% Done with Columbia Submarine’s Design Arrangements, Ahead of Construction Start Next Year

Workers stand pose for a photo in the four-tube “quad-pack” built for the U.S. Ohio Replacement-class and U.K. Successor-class. General Dynamics Electric Boat Photo via US Navy

This post has been updated to state that the Columbia program is 97-percent complete with the design arrangements specifically. CEO Phebe Novakovic originally stated that the program was 97-percent complete with detail design; however, the detail design includes more than just the arrangements.

General Dynamics’ Electric Boat shipyard is nearly done with the basic design of the Columbia-class ballistic missile submarine, the company CEO said today. Read More

Electric Boat Awarded $2B for Block V Virginia Attack Boat Long-Lead Materials

Electric Boat Awarded $2B for Block V Virginia Attack Boat Long-Lead Materials

USS North Dakota (SSN-784), transit the Thames River as they pull into their homeport on Naval Submarine Base New London in Groton, Conn. US Navy Photo

General Dynamics Electric Boat has won a $2 billion contract modification to continue long-lead work for the Block V Virginia-class attack submarine (SSN-774) program, according to a Monday Pentagon contract announcement. Read More

General Dynamics To Invest $1 Billion In Production Facilities Upgrades With Focus on Subs

General Dynamics To Invest $1 Billion In Production Facilities Upgrades With Focus on Subs

The Virginia-class attack submarine North Dakota (SSN-784) is rolled out of an indoor shipyard facility at General Dynamics Electric Boat in Groton, Conn. US Navy Photo

General Dynamics Corp. plans to invest $1 billion in 2019 in upgrading and retooling its manufacturing operations company-wide, with a focus on its growing submarine construction business.

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