18 February 2014
The US Coast Guard said it has awarded General Dynamics Bath Iron Works a USD21.4m contract for the Offshore Patrol Cutter program.
Bath Iron Works is one of three shipyards chosen from a field of eight competitors to proceed to Phase I design work on this next-generation cutter program.
The Bath Iron Works team includes L-3 Communications (NYSE: LLL) and Navantia, S.A., a shipbuilder that Bath Iron Works has collaborated with for more than 30 years.
Bath Iron Works president Fred Harris said the Coast Guard design contract was an important development as the shipyard seeks to expand its customer base and maintain its design and manufacturing workload.
General Dynamics Bath Iron Works is a business unit of General Dynamics (NYSE: GD). Headquartered in Bath, Maine, the shipyard employs approximately 5,250 people. Its website is at www.gdbiw.com.
Navantia, S.A. has a long history of designing and building ships for the Spanish Navy.
L-3 Communications has been supplying maritime communications solutions for more than 40 years.