Bath Iron Works Awarded Potential $102 Million Navy Contract for Post Shakedown Availabilities on DDG 51-Class Ships in West Coast Homeports

Transcription

1 PRESS RELEASES 2004 Bath Iron Works Awarded Potential $102 Million Navy Contract for Post Shakedown Availabilities on DDG 51-Class Ships in West Coast Homeports General Dynamics Selected for Final-Design Stage of Littoral Combat Ship Program IAMAW Local S6 Ratifies New Four-year Labor Agreement Bath Iron Works Awarded $27 Million Contract for Destroyer Maintenance, Repair and Upgrades in Pacific Homeports General Dynamics Awarded $489 Million in Funding for Navy Destroyer

2 Bath Iron Works A GE NE RAL DY NA MI CS C O M PA NY 700 Washington Street February 3, 2004 Contact: Dirk Lesko Main Number: (207) Fax Number: (207) dirk.lesko@gdbiw.com Bath Iron Works Awarded Potential $102 Million Navy Contract for Post Shakedown Availabilities on DDG 51-Class Ships in West Coast Homeports BATH, Maine The U.S. Navy has awarded Bath Iron Works, a subsidiary of General Dynamics (NYSE:GD), a $12.6 million cost-plus-award-fee contract to perform Post Shakedown Availability work for the USS CHAFEE (DDG 90). This contract contains options for additional availabilities that, if exercised, would bring the total cumulative contract value to $102.6 million. Bath Iron Works, as the prime contractor, leads a team consisting of Southwest Marine, Inc., San Diego Division; Todd Pacific Shipyards Corporation; and Honolulu Shipyard, Inc. The work will be performed in the ship s homeport of Pearl Harbor, HI. Bath Iron Works of Bath, Maine, is the lead designer and builder of the DDG 51 AEGIS destroyer and employs 6,700 people. General Dynamics, headquartered in Falls Church, Virginia, employs approximately 67,600 people worldwide and had 2003 revenue of $16.6 billion. The company has leading market positions in land and amphibious combat systems, mission critical information systems and technologies, shipbuilding and marine systems, and business aviation. More information about the company is available on the Internet at

3 Bath Iron Works A GE NE RAL DY NA MI CS C O M PA NY 700 Washington Street May 27, 2004 Contact: Dirk Lesko Main Number: (207) Fax Number: (207) dirk.lesko@gdbiw.com General Dynamics Selected for Final-Design Stage of Littoral Combat Ship Program BATH, Maine The U.S. Navy announced today that a team led by Bath Iron Works, a wholly owned subsidiary of General Dynamics (NYSE: GD), has been awarded a $79 million option to an existing contract to continue development of its proposed solution for the U.S. Navy s newest class of ships, the Littoral Combat Ship. The original contract was awarded in July, The General Dynamics approach features an innovative trimaran hull that enables the ship to reach sustainable speeds of nearly 50 knots and range as far as 10,000 nautical miles with an unmatched interior volume and payload. The ship is designed to allow a crew of fewer than 40 sailors to fully operate, maintain and defend it. Two teams, the General Dynamics team and one other, were selected from a field of three to proceed into this stage of development for the Littoral Combat Ship (LCS). Those three teams had previously been down-selected from a field of six. Dugan Shipway, president of General Dynamics Bath Iron Works, said, We re very pleased to have been selected by the Navy to continue development of the design for this next generation of surface combatants. Bath Iron Works is one of the Navy s longest-serving shipbuilding partners, and we are proud to have a role on the Littoral Combat Ship. The Littoral Combat Ship is a key element of the Navy s plan to address asymmetric threats. Intended to operate in coastal areas of the globe, the ship will be fast, highly maneuverable and geared to supporting mine detection/elimination, anti-submarine warfare and surface warfare, particularly against small surface craft. more

4 Key characteristics of the ship proposed by the General Dynamics team include: Capable of supporting several missions simultaneously. Open-architecture information systems enable over-the-horizon surveillance and reconnaissance, global networking and coordinated air, surface and undersea tactical picture. Incorporation of stealth technologies increases ship and crew survivability. Shallow draft allows operations near the shore. More payload per ton of displacement than any previous U.S. warship. Huge interior volume delivers enhanced mission capabilities and endurance. Supports concurrent and simultaneous operation of two large (H-60) helicopters. Bath Iron Works is the prime contractor on the program. Austal USA, of Mobile, Ala., a subsidiary of Australian shipbuilder Austal Ships, is supporting final design efforts for the team s aluminum and steel trimaran warship. General Dynamics Advanced Information Systems, of Arlington, Va., is leading the ship s open-architecture based Core Mission System design and integration from its Pittsfield, Mass. facility. Other team members include CAE of Leesburg, Va.; BAE Systems, Rockville, Md.; Maritime Applied Physics Corporation, Baltimore, Md.; Northrop Grumman Electronic Systems, Baltimore, Md.; and three other General Dynamics companies: Armament and Technical Products (Burlington, Vt.), Electric Boat (Groton, Conn.) and General Dynamics Canada (Ottawa, Ontario). Bath Iron Works of Bath, Maine, a leader in surface combatant design and construction, employs 6,700 people. General Dynamics, headquartered in Falls Church, Va., employs approximately 68,400 people worldwide and anticipates 2004 revenue of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company can be found at Note to Editors: High-resolution graphics of the General Dynamics team LCS ship concept are available at Click here for more information of the GD LCS Team design

5 Bath Iron Works A GE NE RAL DY NA MI CS C O M PA NY 700 Washington Street May 27, 2004 Contact: Dirk Lesko Main Number: (207) Fax Number: (207) dirk.lesko@gdbiw.com General Dynamics Selected for Final-Design Stage of Littoral Combat Ship Program BATH, Maine The U.S. Navy announced today that a team led by Bath Iron Works, a wholly owned subsidiary of General Dynamics (NYSE: GD), has been awarded a $79 million option to an existing contract to continue development of its proposed solution for the U.S. Navy s newest class of ships, the Littoral Combat Ship. The original contract was awarded in July, The General Dynamics approach features an innovative trimaran hull that enables the ship to reach sustainable speeds of nearly 50 knots and range as far as 10,000 nautical miles with an unmatched interior volume and payload. The ship is designed to allow a crew of fewer than 40 sailors to fully operate, maintain and defend it. Two teams, the General Dynamics team and one other, were selected from a field of three to proceed into this stage of development for the Littoral Combat Ship (LCS). Those three teams had previously been down-selected from a field of six. Dugan Shipway, president of General Dynamics Bath Iron Works, said, We re very pleased to have been selected by the Navy to continue development of the design for this next generation of surface combatants. Bath Iron Works is one of the Navy s longest-serving shipbuilding partners, and we are proud to have a role on the Littoral Combat Ship. The Littoral Combat Ship is a key element of the Navy s plan to address asymmetric threats. Intended to operate in coastal areas of the globe, the ship will be fast, highly maneuverable and geared to supporting mine detection/elimination, anti-submarine warfare and surface warfare, particularly against small surface craft. more

6 Key characteristics of the ship proposed by the General Dynamics team include: Capable of supporting several missions simultaneously. Open-architecture information systems enable over-the-horizon surveillance and reconnaissance, global networking and coordinated air, surface and undersea tactical picture. Incorporation of stealth technologies increases ship and crew survivability. Shallow draft allows operations near the shore. More payload per ton of displacement than any previous U.S. warship. Huge interior volume delivers enhanced mission capabilities and endurance. Supports concurrent and simultaneous operation of two large (H-60) helicopters. Bath Iron Works is the prime contractor on the program. Austal USA, of Mobile, Ala., a subsidiary of Australian shipbuilder Austal Ships, is supporting final design efforts for the team s aluminum and steel trimaran warship. General Dynamics Advanced Information Systems, of Arlington, Va., is leading the ship s open-architecture based Core Mission System design and integration from its Pittsfield, Mass. facility. Other team members include CAE of Leesburg, Va.; BAE Systems, Rockville, Md.; Maritime Applied Physics Corporation, Baltimore, Md.; Northrop Grumman Electronic Systems, Baltimore, Md.; and three other General Dynamics companies: Armament and Technical Products (Burlington, Vt.), Electric Boat (Groton, Conn.) and General Dynamics Canada (Ottawa, Ontario). Bath Iron Works of Bath, Maine, a leader in surface combatant design and construction, employs 6,700 people. General Dynamics, headquartered in Falls Church, Va., employs approximately 68,400 people worldwide and anticipates 2004 revenue of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company can be found at Note to Editors: High-resolution graphics of the General Dynamics team LCS ship concept are available at Click here for more information of the GD LCS Team design

7 Bath Iron Works A GE NE RAL DY NA MI CS C O M PA NY 700 Washington Street May 30, 2004 Contact: Dirk Lesko Main Number: (207) Fax Number: (207) dirk.lesko@gdbiw.com IAMAW Local S6 Ratifies New Four-year Labor Agreement BATH, Maine The rank and file of the International Association of Machinists and Aerospace Workers of America (IAMAW) Local S6, the largest of the four labor unions representing employees at Bath Iron Works (BIW), voted today to accept a new four year labor agreement with the company. A tentative labor agreement was reached last week after a three-week negotiating period and was presented to the membership with the recommendation of the union s negotiating committee. The new contract will go into effect on May 31, 2004 and will extend through May 18, Highlights of the new agreement include: increases in the company s contributions to the IAM Pension Plan from $.65 to $1.30 per hour over the life of the contract and a 3% general wage increase in each of the first three years of the contract followed by a 4% increase in the fourth year. Bath Iron Works of Bath, Maine, a leader in surface combatant design and construction, employs 6,700 people. General Dynamics, headquartered in Falls Church, Va., employs approximately 68,400 people worldwide. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company can be found at

8 700 Washington Street August 18, 2004 Contact: Dirk A. Lesko Tel: Fax: Bath Iron Works Awarded $27 Million Contract for Destroyer Maintenance, Repair and Upgrades in Pacific Homeports BATH, Maine The U.S. Navy on Monday awarded Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $26.6 million modification to a previously awarded contract to perform Post Shakedown Availability (PSA) maintenance, repair and upgrade work for Arleigh Burke-class Aegis destroyers homeported on the West Coast of the United States. Options for two additional PSA assignments are available under the existing contract, which was awarded in February PSA work will be performed on USS CHUNG HOON (DDG 93) by the Bath Iron Works-Southwest Marine PSA Team at Southwest s facilities in Pearl Harbor, Hawaii, and is expected to be completed by April A PSA for USS MOMSEN (DDG 92) will be performed by a Bath Iron Works-Todd Pacific Shipyards Corporation (NYSE: TOD) PSA Team at Todd s facilities in Seattle, Wash., and is expected to be completed by July Work will include engineering and management services; labor and procurement of material for system upgrades and to correct government-responsible deficiencies; performance of specified PSA work items, including tests and post-repair sea trials; and additional tasking to complete emergent repairs. Dugan Shipway, president of Bath Iron Works, said, This award reflects the Navy s confidence in Bath Iron Works ability to take our PSA Team wherever they needs us. Two other recent assignments USS MASON s (DDG 87) PSA in Norfolk, Va., and USS CHAFEE s (DDG 90) PSA in Pearl Harbor, Hawaii, which was just completed three weeks ahead of schedule and under budget are additional examples of the inherent flexibility Bath Iron Works and our teammates bring to the U.S. Navy for maintenance and modernization around the globe. more

9 Bath Iron Works (Bath, Maine), a leader in surface combatant design and construction, employs 6,500 people. General Dynamics, headquartered in Falls Church, Virginia, employs approximately 69,400 people worldwide and anticipates 2004 revenue of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company is available on the Internet at

10 700 Washington Street November 16, 2004 Contact: Dirk Lesko Tel: Fax: General Dynamics Awarded $489 Million in Funding for Navy Destroyer BATH, ME The U.S. Navy today announced that Bath Iron Works, a General Dynamics company, will receive $489 million in funding to construct an ARLEIGH BURKE Class AEGIS guided missile destroyer. The ship was part of the Navy s Fiscal Year Multi-Year Procurement contract awarded to Bath Iron Works in September DDG 111, which has yet to be named, will be the 33 rd AEGIS destroyer to be built at Bath Iron Works. The shipyard expects to deliver the ship in 2010 in accordance with the requirements of the contract. Bath Iron Works of Bath, Maine, is the lead designer and builder of the ARLEIGH BURKE Class and employs 6,400 people. General Dynamics, headquartered in Falls Church, Virginia, employs approximately 71,600 people worldwide and anticipates 2004 revenue in excess of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company can be found at