According to a Dec. 2 report from Reuters, General Dynamics Corp (GD.N) expects flat defense spending in coming years, or possibly small declines, but does not foresee the kind of “precipitous" declines seen in early downturns.
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Norsafe informs it has signed a new contract with VARD Group, and will supply lifeboats complete with davit systems to a series of 15 new vessels.
General Dynamics NASSCO, a subsidiary of General Dynamics (NYSE: GD), won a contract by the U.S. Navy for the detailed design and construction of the next generation of fleet oilers,
Review of U.S. Ops Reportedly Underway
The West Australian reported that Austal halted its shares from trading, and reportedly is in the process of reviewing its U.