The U.S. Navy has awarded General Dynamics Bath Iron Works (GD) a $2.84 billion fixed-price incentive firm target contract for the design and construction of four DDG 51 class ships, one in fiscal 2013 and one each in fiscal years 2015-2017. The award also includes a contract option for a fifth ship.
Huntington Ingalls Industries (HII) was also awarded a $3.33 billion fixed-price-incentive firm target contract for the design and construction of five DDG 51 class ships, one each in fiscal years 2013-2017. The multiyear procurement awards from U.S. Navy are for a total of nine ships, with an option for a tenth ship.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.