General Dynamics Awarded $149.6M U.S. Navy Contract to Maintain USS Pinckney
General Dynamics (GD) announced that its NASSCO division has secured a $149.6 million contract from the U.S. Navy for maintenance, modernization, and repair of the USS Pinckney (DDG 91). The work will support the ship’s Fiscal Year 2026 Depot Modernization Period. The contract includes labor costs, equipment use, testing procedures, and other necessary services to ensure the vessel remains operational. This award reflects continued U.S. Navy investment in maintaining its fleet's readiness through long-term maintenance cycles at private shipyards like NASSCO. As a major defense contractor with significant exposure to government contracts, General Dynamics is likely to see this contract positively impact its revenue and reinforce its role as a key player in naval infrastructure.
Tickers: $GD
Topics: defense ship_modernization