- General Dynamics Corp (NYSE:GD) subsidiary General Dynamics NASSCO has received $1.4 billion in U.S. Navy contract modifications for the construction of a sixth Expeditionary Sea Base ship (ESB 8) and two additional John Lewis-class fleet oilers (T-AO 211 and 212).
- The award comes in addition to $600 million already received to procure long-lead time materials for the same ships.
- The contract modification also offers an option for the Navy to procure an additional oiler, T-AO 213, bringing the total potential value to $2.7 billion for the four ships.
- Construction of the four ships is scheduled to begin in 3Q23 and continue into 2027.
- Price Action: GD shares closed lower by 0.16% at $228.79 on Friday.
Willis Towers Watson To See Short-Term Success Amid Defined Benefit Plan Shifts – Analyst Upgrades Stock
Analyst Zaremski upgraded Willis Towers Watson to Market Perform, predicting continued growth and strong performance in broking and DB segments.
