General Dynamics Bath Iron Works Awarded $49 Million for DDG 51 Programs

   General Dynamics Bath Iron Works Awarded $49 Million for DDG 51 Programs

PR Newswire

BATH, Maine, Dec. 19, 2012

BATH, Maine, Dec. 19, 2012 /PRNewswire/ --The U.S. Navy has awarded General
Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), two
contracts in support of the DDG 51 Arleigh Burke-class guided missile
destroyer program. Bath Iron Works is the lead shipyard and design agent for
the class.

The first contract, valued at $28.3 million, is for lead yard services for the
DDG 51 program. This option modifies a contract initially awarded in March
2012. Since 1987, Bath Iron Works has provided design and technical
assistance for design upgrades and major changes to the two shipyards
currently building DDG 51-class destroyers.

"This contract highlights our well-established record of providing the U.S.
Navy and other shipyards with high-quality support to keep the fleet of DDG
51-class of ships up-to-date and ready to respond whenever and wherever
needed," said Jeff Geiger, president of Bath Iron Works. "The lead yard
services contract keeps approximately 130 of our highly skilled engineers,
designers and planners fully engaged in the technical aspects of the DDG 51
program."

The second contract, valued at $21.1 million, is for the post-shakedown
availability (PSA) for USS Michael Murphy (DDG 112). The contract includes
options which, if exercised, would bring the total value of this contract to
$27.1 million. Bath Iron Works is the prime contractor and is teamed with BAE
Systems for this work which will be performed in the ship's homeport of Pearl
Harbor, Hawaii. Work is expected to be completed by August 2013.

Geiger said, "Being competitively awarded this PSA contract is particularly
meaningful since USS Michael Murphy was our 34^th Arleigh Burke-class ship and
the best and most complete destroyer we have delivered to the U.S. Navy. This
award demonstrates that our U.S. Navy customer continues to be confident in
our ability to execute high-quality PSAs at an affordable price."

Bath Iron Works is currently constructing Rafael Peralta (DDG 115) and Thomas
Hudner (DDG 116) under the Navy's DDG 51 continuation program.

More information about General Dynamics Bath Iron Works may be found at
www.gdbiw.com

More information about General Dynamics is available at www.gd.com

SOURCE General Dynamics Bath Iron Works

Website: http://www.gdbiw.com
Contact: Media: Jim DeMartini, General Dynamics Bath Iron Works,
+1-207-442-1695, or Investors: Amy Gilliland, General Dynamics,
+1-703-876-3748