General Dynamic (GD $74.16 +2.90) has received from the U.S. Navy a
$744 million modification to its Mobile Landing Platform (MLP) contract to fully
fund construction of the first two ships of the new ship class. Construction of
the first ship will begin immediately, with delivery to occur by the spring of
2013.
The contract includes an option for the construction of a third MLP which, if
exercised, will increase the total contract value to approximately $1.3 billion.






