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Saturday, February 02, 2008

General Dynamics NASSCO Awarded $460 Million Contract for T-AKE Ship Construction

General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics, has been awarded a $460 million contract from the U.S. Navy for the construction of a tenth T-AKE dry cargo-ammunition ship, and to purchase long-lead construction materials for an eleventh ship. NASSCO is already under contract to build the first nine ships of the class; the first four vessels are now in service.

"This contract award permits the NASSCO shipbuilding team to continue delivering these much-needed fleet support ships in a timely manner, at the best value to the U.S. government," said Frederick J. Harris, president of General Dynamics NASSCO.

Under the contract, NASSCO receives full funding for T-AKE 10's construction. Last July, NASSCO received a $100 million contract to purchase the long-lead materials for the ship.

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