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General Dynamics Partners with Bath Iron Works to Support U.S. Navy Development; Phebe Novakovic Quoted

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General Dynamics has partnered with Bath Iron Works and the International Association of Machinists and Aerospace Workers (IAM) Local S6 under an agreement to end the ongoing strike by shipyard workers in Bath, Maine, the company reported on Monday.

“We are pleased to have reached agreement with our union partners and look forward to getting back to the job of building ships for the U.S. Navy,” said Phebe Novakovic, chairman and chief executive officer of General Dynamics and six-time Wash100 Award recipient.

Federal Mediation and Conciliation Service deputy director Rich Giacolone and IAM International president Robert Martinez assisted to facilitate the tentative agreement. Approximately four-thousand members of the Local S6 have been on strike since June 22. The agreement is subject to ratification vote by the union’s members.

“We greatly appreciate the assistance of Director of Trade and Manufacturing Policy Peter Navarro and AFL-CIO Metal Trades Department President Jimmy Hart for their help in bringing the parties together.”

General has a long history of supporting the U.S. Navy. In Dec. 2019, the company received a $22.2 billion contract from the U.S. Navy to build nine more nuclear-powered Virginia-class submarines. The contract includes an option for a 10th vessel over five years

The company’s submarines are designed to attack both land and sea targets with Tomahawk cruise missiles and other weapons. 18 of the attack submarines were delivered in 2019, including $17 billion for the prior installment that had been the Navy’s largest contract.

If exercised, the option for a 10th sub would bring the value of the new contract to $24 billion,

About General Dynamics

General Dynamics, headquartered in Reston, Virginia, is a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; combat vehicles, weapons systems and munitions; IT services; C4ISR solutions; and shipbuilding and ship repair. General Dynamics employs more than 100,000 people worldwide and generated $39.4 billion in revenue in 2019.