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General Dynamics bags US$17b deal

Published Tue, Apr 29, 2014 · 10:00 PM
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[WASHINGTON] The US Navy on Monday awarded a US$17.6 billion contract for 10 more Virginia-class, nuclear-powered attack submarines to General Dynamics Corp and its major subcontractor, Huntington Ingalls Industries Inc, the largest-ever Navy shipbuilding contract.

The contract, which funds work on two Virginia-class submarines per year from fiscal year 2014 through 2018, will net savings of over US$2 billion, effectively giving the Navy 10 ships for the price of nine, said Navy Captain David Goggins, programme manager…

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