Bath Iron Works Awarded $20 Million Contract for Destroyer Maintenance, Repair and Upgrades

BATH, Maine – The U.S. Navy has awarded Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $19.8 million modification to a previously awarded contract to perform Post Shakedown Availability (PSA) maintenance, repair and upgrade work for an Arleigh Burke-class Aegis destroyer homeported in Norfolk, Va. The existing contract was originally awarded in March 2005.

Work will be performed on USS Truxtun (DDG 103) by a Bath Iron Works-BAE Systems PSA team at the facilities of BAE Systems Norfolk Ship Repair in Virginia. Efforts will commence in September and are expected to be completed March 2010. Work will include engineering and management services; labor and procurement of material for system upgrades and correction of government-responsible deficiencies; performance of specified PSA work items, including tests and post-repair sea trials; and additional tasking to complete emergent repairs.

The BIW-BAE Systems team has previously performed four PSAs for Arleigh Burke-class destroyers homeported in Norfolk and two PSAs for destroyers homeported in Pearl Harbor, Hawaii. BIW has also performed PSAs in Jacksonville, Fla., and Seattle, Wash.

Jeff Geiger, president of Bath Iron Works, said, “This is a great opportunity for BIW and BAE Systems to extend the team’s proven track record of on-schedule and on-budget homeport PSA performance. In the course of six previous efforts we’ve shown that we can come together and efficiently execute this type of work to the Navy’s complete satisfaction. We’re excited about going to work on USS Truxton and we view this award as another expression of confidence on the part of the Navy in our team’s ability to get the job done.”

Bath Iron Works of Bath, Maine, is a leading designer and builder of complex surface combatants for the U.S. Navy and employs approximately 5,600 people. General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 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 General Dynamics is available online at www.gd.com.

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