Bath Iron Works Awarded $16 Million for DDG 1001 Advanced Material Procurement and Support

BATH, Maine – The U. S. Navy has awarded Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $15.9 million modification to a previously awarded contract for procurement of long-lead material and engineering, production and related support services associated with the construction of DDG 1001. The original contract was awarded in February 2008. Work encompassed by this modification is expected to be completed by July 2010.

Jeff Geiger, president of Bath Iron Works, said, “The Navy’s execution of this contract modification is a sign of their confidence in what we are doing and the progress that we are making on the DDG 1000 program.”

Bath Iron Works is the lead designer and builder for the Navy’s DDG 1000 Zumwalt-class program and employs approximately 5,600 people. A leader in surface combatant design and construction, Bath Iron Works has manufactured and delivered 31 Arleigh Burke-class destroyers, the most technologically advanced surface combatant in the world, to the Navy since 1991. Additional information about Bath Iron Works may be found on the company’s web site at www.gdbiw.com.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 91,700 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

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