US Nuclear-Missile Sub Delayed Up to 16 Months Over Bow, Generators [BNN Bloomberg (Canada)]
General Dynamics Corporation (GD)
Last general dynamics corporation earnings: 4/29 07:00 am
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Source: BNN Bloomberg
weapons priority — stems from contractor delays in delivering the vessel's bow section and power generators, according to an internal assessment by the service. The lead vessel, the USS District of Columbia, was scheduled to be delivered in October 2027 so that it could go on its first deployment in 2031. The House Armed Service's seapower subcommittee is holding a hearing Wednesday to review the Navy's fiscal 2025 shipbuilding request as well as this month's review by the service of its ship programs, which disclosed the Columbia delay of as much as 16 months but not the reasons in detail. Contractors General Dynamics Corp. and HII are designing and constructing the 12-boat class, a roughly $130 billion program, with each sub assembled from six large hull segments. During construction, these “super modules” are outfitted with systems and connections before final assembly by General Dynamics. The Navy calls the bow section that's under contract with HII “Super Module No. 1,” r
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GD
Earnings
- 4/24/24 - Miss
GD
Sec Filings
- 4/30/24 - Form 4
- 4/30/24 - Form 4
- 4/29/24 - Form 144
- GD's page on the SEC website