This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

General Dynamics Bath Iron Works Awarded $21 Million Contract For Coast Guard Offshore Patrol Cutter Program

BATH, Maine, Feb. 14, 2014 /PRNewswire/ -- The U.S. Coast Guard has awarded General Dynamics Bath Iron Works a $21.4 million contract for the Offshore Patrol Cutter (OPC) program.  Bath Iron Works is one of three shipyards chosen from a field of eight competitors to proceed to Phase I design work on this next-generation cutter program.

The Bath Iron Works team includes L-3 Communications ( New York, N.Y.) and Navantia, S.A. ( Spain), a shipbuilder that Bath Iron Works has collaborated with for more than 30 years.

Bath Iron Works president Fred Harris said the Coast Guard design contract was an important development as the shipyard seeks to expand its customer base and maintain its design and manufacturing workload.

"Our experienced engineering and design team will now focus on developing a preliminary OPC design that meets or exceeds our customer's requirements," said Harris. "We will also continue our yard-wide actions to ensure we can build these ships affordably, safely and on – or ahead of – schedule."

At the end of the 18-month Phase I period, the Coast Guard will select one team to develop Phase II detail design and build the first nine to 11 ships of a planned 25-ship class. 

The OPC is a next-generation ship which will replace the Coast Guard's aging fleet of Medium Endurance Cutters, complementing the current and future fleet and extending the service's operational capabilities.  The OPC will feature increased range and endurance, more powerful weapons, a larger flight deck and improved command, control, communications, computers, intelligence, surveillance and reconnaissance equipment.

For more information on the OPC program, visit

About Bath Iron Works

General Dynamics Bath Iron Works is a business unit of General Dynamics (NYSE: GD). Headquartered in Bath, Maine, the shipyard employs approximately 5,250 people. Bath Iron Works designs and builds destroyers for the U.S. Navy, and is currently building two classes, the Arleigh Burke class (DDG 51) and the Zumwalt class (DDG 1000). More information about General Dynamics Bath Iron Works can be found at    

About Navantia, S.A.

Navantia, S.A. has a long history of designing and building ships for the Spanish Navy. The Bath Iron Works OPC design is a variant of Navantia's BAM (Buque de Accion Maritima) offshore patrol vessels built for the Spanish Navy. The BAM is an established, in-service ship purpose built for OPC-like missions in the Spanish Navy. Navantia employs about 5,500 people.

About L-3 Communications

L-3 Communications has been supplying maritime communications solutions for more than 40 years. L-3's C4ISR solutions provide shipbuilder efficiency, crew reduction and streamlined training and logistics due to the commonality of their systems across Coast Guard and U.S. Navy platforms. New York, NY-based L-3 Communications employs about 48,000.

SOURCE General Dynamics Bath Iron Works

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs