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  • Saturday, November 16, 2024

BAE, General Dynamics, HII Subsidiaries Awarded $238M to Continue Navy Surface Combatant Modernization Support


Subsidiaries of BAE Systems, General Dynamics (NYSE: GD) and Huntington Ingalls Industries (NYSE: HII) have received contract modifications worth a combined $237.7 million to maintain, repair and update surface combatants that are visiting or stationed at a U.S. Navy base in San Diego.

The Defense Department said Friday the modifications exercise option year two under a previous indefinite-delivery/indefinite-quantity contract awarded to BAE™s San Diego Ship Repair unit, HII™s Continental Maritime of San Diego subsidiary and General Dynamics™ NASSCO business.

Work will run through March 2019 and also include support for Chief of Naval Operations availabilities of San Diego-homeported guided missile destroyers and cruisers in San Diego.

The Navy also issued $120.5 million in contract modifications to the three contractors last year.

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