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| Press Release March 6, 1998 |
BATH, MAINE –On March 6, 1998, Bath Iron Works (BIW)
was awarded the largest single contract in the company’s history. The
multi-year contract, awarded by the U.S. Navy, is for six more DDG 51 Class AEGIS
Destroyers. It will sustain BIW’s current workload into the next century, bringing $2
billion of work to the shipyard from 2000-2006.
Bath Iron Works of Bath, Maine, a leader in surface combatant design and construction, employs 7,700 people. It is a subsidiary of General Dynamics (NYSE:GD), headquartered in Falls Church, Virginia. General Dynamics has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The company employs 43,000 people worldwide and has annualized sales of approximately $10 billion. More information about General Dynamics can be found on the worldwide web at www.generaldynamics.com.
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