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General Dynamics to Build New Oiler for U.S. Navy

May 23, 2023 at 05:47 pm

By Stephen Nakrosis

General Dynamics said its NASSCO subsidiary was awarded a $736 million modification to an existing contract for construction of a ship in the John Lewis-class fleet oiler program.

The new vessel will be the ninth ship constructed under the contract, bringing the total contract value to about $5.5 billion, General Dynamics said.

The original contract, awarded in 2016, called for the design and construction of six ships in the John Lewis-class, the next generation of fleet oilers, the company said. Construction of the latest ship is scheduled to begin in the third quarter of 2025.

John Lewis-class vessels are designed to transfer fuel to U.S. Navy carrier strike group ships operating at sea, General Dynamics said.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

05-23-23 1746ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	GENERAL DYNAMICS CORPORATION	297.3 USD	-0.32%	-0.01%	81.44B
	TESCO PLC	312 GBX	-0.03%	+0.29%	27.56B

John Lewis

John Patrick Lewis is currently an Independent Non-Executive Director at Sanderson Design Group Plc, President & Director at Employee Ownership Association, Director at Girls' Education Co. Ltd., Director at Margrange Investments Ltd., Director at Wycombe Abbey School, and Chief Financial Officer & Director at Made.com Group Plc.
Previously, he served as Non-Executive Chairman at 3bm Trustee Ltd., Director at John Lewis Plc, Chief Financial Officer & Executive Director at John Lewis Partnership Plc, Non-Executive Director at Ocado Innovation Ltd.
and Ocado Group Plc, Director at John Lewis Properties Plc and John Lewis Car Finance Ltd., Finance Manager at Procter & Gamble Co., and Principal at Bain & Co., Inc. He holds an MBA degree from INSEAD.

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Employee Ownership Association Employee Ownership Association Miscellaneous Commercial ServicesCommercial Services The Employee Ownership Association (EOA) provides advice, introductions to peers, and a range of services to help bring employee ownership to businesses. The non-profit company is based in Brough, UK, and has subsidiaries in the United Kingdom. The EOA represents organizations that are employee-owned or transitioning to employee ownership. The EOA offers a program in partnership with Telos and J Gadd Associates to equip leaders and managers with the right tools and mindset to drive success in an employee-owned business. The economic contribution of employee ownership is significant and growing. The British company was founded in 1979 by Robert Oakeshott.	President
MADM GROU	Director of Finance/CFO

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