General Dynamics Bags $698M Contract Modification For Overhaul Of USS Hartford

July 29, 2022 2:34 PM | 1 min read |

General Dynamics Corp GD business unit General Dynamics Electric Boat has secured a modification of the previously awarded U.S. Navy contract for the repair, maintenance, and modernization of the submarine USS Hartford (SSN 768).
The contract modification has a value of $697.9 million. USS Hartford is a Los Angeles-class submarine built by General Dynamics Electric Boat and commissioned in 1994.
The company will perform the work at its shipyard in Groton, Connecticut, and complete it by October 2026.
Price Action: GD shares are trading higher by 0.99% at $226.01 on the last check Friday.

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.