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General Dynamics Wins $9.4 Billion Sub Contract

Lou Whiteman, The Motley Fool
·4-min read
General Dynamics Wins $9.4 Billion Sub Contract

General Dynamics' (NYSE: GD) ship is finally coming in. The defense contractor has secured a $9.47 billion deal to complete construction of the first Columbia-class ballistic missile submarine and begin work on a second boat. The contract, though expected, alleviates any lingering concerns that General Dynamics' most important contract would be delayed or get caught up in post-election budgeting squabbles.