Latest news with #DDG51
Yahoo
2 days ago
- Business
- Yahoo
General Dynamics Corporation (GD)'s Bath Iron Works Awarded Contract For Additional DDG 51 Destroyer
General Dynamics Corporation (NYSE:GD) is among the 11 Best Large Cap Defense Stocks to Buy According to Analysts. On August 1, the company's Bath Iron Works business unit announced that the U.S. Navy was adding another DDG 51 destroyer to a multi-year contract awarded in 2023. Bath Iron Works' president Charles F. Krugh thanked the Congressional delegation for adding the ship to the FY25 Defense Appropriations Bill. He said the company was proud to be selected to build the ship and praised the efforts of his team for improving the construction process. Krugh further added that the unit was clawing back to schedule to deliver more ships to the Navy. General Dynamics Corporation (NYSE:GD)'s Bath Iron Works unit currently has several naval ships under construction. These include the Flight IIA Arleigh Burke-class destroyers Harvey C. Barnum Jr. (DDG 124) and Patrick Gallagher (DDG 127). The shipbuilding team is also working on Flight III configuration destroyers DDG 126, DDG 130, DDG 132, DDG 134, and DDG 136. General Dynamics Corporation (NYSE:GD) is a leading defense contractor, operating through its Aerospace, Marine Systems, Combat Systems, and Technologies segments. While we acknowledge the potential of GD as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Best Low Priced Defense Stocks to Buy Now and 10 Best Aerospace Stocks to Buy Now. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-08-2025
- Business
- Yahoo
General Dynamics Bath Iron Works Awarded Contract for Additional DDG 51 Destroyer
BATH, Maine, July 31, 2025 /PRNewswire/ -- General Dynamics Bath Iron Works, a business unit of General Dynamics (NYSE:GD), announced today that the U.S. Navy has exercised an option to add an additional DDG 51 destroyer to the multi-year contract awarded in 2023. "We are proud to be selected to build this ship for the U.S. Navy and to continue our legacy of contributing to the nation's defense," said Charles F. Krugh, president of Bath Iron Works. "I appreciate the efforts of our team to improve the construction process and build to the plan. We are clawing back schedule so we can deliver more Bath-built ships to our Navy. I would also like to acknowledge and thank our Congressional delegation who added this ship to the Fiscal Year 2025 Defense Appropriations Bill." Bath Iron Works currently has under construction the Flight IIA Arleigh Burke-class destroyers Harvey C. Barnum Jr. (DDG 124) and Patrick Gallagher (DDG 127) as well as the Flight III configuration destroyers Louis H. Wilson Jr. (DDG 126), William Charette (DDG 130), Quentin Walsh (DDG 132), John E. Kilmer (DDG 134) and Richard G. Lugar (DDG 136). General Dynamics is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 110,000 people worldwide and generated $47.7 billion in revenue in 2024. More information is available at More information about General Dynamics Bath Iron Works is available at View original content to download multimedia: SOURCE General Dynamics
Yahoo
30-01-2025
- Business
- Yahoo
HII's Ingalls Shipbuilding Opens New Virtual Reality Welding Lab
PASCAGOULA, Miss., Jan. 30, 2025 (GLOBE NEWSWIRE) -- HII's (NYSE: HII) Ingalls Shipbuilding division along with representatives from the U.S. Navy, Accelerate Mississippi and Mississippi Gulf Coast Community College (MGCCC), celebrated the opening of a virtual reality (VR) welding lab at the shipyard Wednesday. The new facility makes it easier and safer for welders to hone their skills, and enhance HII's ability to grow the number of proficient shipbuilders with this essential skillset. 'As we develop the shipbuilders who build our nation's ships, our training programs are a key part of that effort,' Ingalls Shipbuilding Vice President of Operations Donny Dorsey said. 'By working with the Navy and our regional workforce partners, we can provide individuals in Mississippi with a more comprehensive approach to mastering a skilled trade in shipbuilding.' This new facility integrates VR technology into the shipyard's existing welder certification curriculum, providing new and current Ingalls shipbuilders with an immersive, hands-on experience to develop critical shipbuilding skills. The establishment of the VR welding lab is part of Ingalls Shipbuilding's broader workforce development efforts, made possible through federal and state partnerships that are bringing cutting-edge training technology to the shipbuilding accompanying this release are available at: 'Innovative training programs like this are key to building a highly skilled workforce that meets the evolving needs of industries across Mississippi,' said Courtney Taylor, executive director of AccelerateMS. 'By embracing virtual reality technology, Ingalls is not only equipping future shipbuilders with critical skills, but also setting a new benchmark for how industries can leverage technology, local training providers, and state resources to train workers. This partnership highlights the importance of collaboration in strengthening our workforce and helping set the standard for technical training in the region.' MGCCC has also played a crucial role in the development of the lab, ensuring alignment with industry needs. 'We are proud to partner with Ingalls to provide this new training to their shipbuilders,' said Dr. Mary Graham, president of Mississippi Gulf Coast Community College. 'These vital partnerships allow us to offer innovative training solutions that prepare our students for real-world careers. We are proud to work with Ingalls to bring this technology to our community.' In August 2023, the U.S. Navy awarded Ingalls a multi-year contract for the construction of six Flight III Arleigh Burke-class (DDG 51) destroyers and one option ship, plus options for additional destroyers. This award included funds to support workforce development initiatives, such as virtual learning labs, providing Ingalls shipbuilders with the opportunity to build and deliver Navy destroyers for decades to come. To learn more about careers or training opportunities at HII's Ingalls Shipbuilding division, visit About HII HII is a global, all-domain defense provider. HII's mission is to deliver the world's most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world. As the nation's largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII's workforce is 44,000 strong. For more information, visit: HII on the web: HII on Facebook: HII on X: HII on Instagram: Contact: Kimberly K. A photo accompanying this announcement is available at in to access your portfolio
