More than potential supply chain gaps or funding cuts, defense industry productivity during COVID-19 is threatened most by closed schools and a lack of childcare, company executives and government officials have said in the last several weeks.
The defense sector appears more insulated from the worst financial effects caused by the COVID-19-related economic slowdown when compared to other industries.
General Dynamics Electric Boat remains ready to start construction of the first Columbia-class ballistic missile submarine in October, company officials announced Wednesday.
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.
A flat but stable defense budget outlook was welcomed by the General Dynamics chief executive, who told analysts she expects important shipbuilding programs will be funded by the spending plan agreed to by Congress and the White House this week.
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.
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
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 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.
Guided-missile destroyer Paul Ignatius (DDG-117) has completed its acceptance trials ahead of an expected early 2019 delivery to the Navy, Naval Sea System Command announced on Friday. Read More