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Friday, April 10, 2009

2 US contractors agree to build new destroyer jointly

Zumwalt class destroyer (DDG-1000)General Dynamics and Northrop Grumman have agreed to a deal offered by the Pentagon that would clear the way for construction of three of the U.S. Navy’s new multibillion-dollar stealth destroyers at General Dynamics’ Bath Iron Works in Maine, Pentagon and industry officials said.

Northrop Grumman, which had expected to build one of the newDDG-1000 destroyers at its shipyard in Mississippi, will contribute major components for all three of the vessels. It will also receive contracts for two other destroyers as the U.S. Navy resumes production of an earlier model.

Stock market analysts said the deal announced Wednesday, pushed by Defense Secretary Robert M. Gates, appeared to be a winning proposition for both of the giant military contractors.

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