Bath Iron Works Awarded $1.4 Billion Contract to Construct ZUMWALT (DDG 1000), the Navy’s Next Generation Surface Combatant

BATH, Maine – The U.S. Navy has awarded Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $1.4 billion contract to build ZUMWALT (DDG 1000). The ship is scheduled to be delivered to the Navy in 2014.

The ZUMWALT class of ships represents the Navy’s next generation of multi-mission surface combatants which will provide a broad range of capabilities that are vital both to supporting the global war on terror and to fighting and winning major combat operations.

Dugan Shipway, president of Bath Iron Works, said, “This is a great day for the United States Navy and for the highly skilled men and women of Bath Iron Works who are designing and who will build DDG 1000. This award reflects the hard work, dedication and total commitment by the Navy’s technical and acquisition communities, industry counterparts and the Congress to bring the concept of this next generation destroyer into reality. I am encouraged about the long term impact that this award will have on the shipbuilders of BIW and I know all of them are ready to get on with the business of completing detail design and building this magnificent ship.”

Bath Iron Works of Bath, Maine, is a leader in the design and construction of surface combatants for the United States Navy and is the lead designer and builder of the Arleigh Burke (DDG 51) class of AEGIS destroyers. The company employs approximately 5,800 people.

General Dynamics, headquartered in Falls Church, Va., employs approximately 83,500 people worldwide and reported 2007 revenues of $27.2 billion. More information about the company is available on the Internet at www.generaldynamics.com.