General Dynamics Wins Design Work on MLP Vessel

The Department of Defense awarded General Dynamics' (NYSE: GD  ) National Steel and Shipbuilding Company subsidiary, or NASSCO, a "not-to-exceed" $11.2 million contract modification Monday, hiring NASSCO to draw up detailed designs for Afloat Forward Staging Base, or AFSB, modifications to the U.S. Mobile Landing Platform vessels MLP 3 and MLP 4.

NASSCO built the Navy's first MLP, the USNS Montford Point -- MLP-1 -- and recently delivered it to the Navy. The company is now in the process of building MLP-2, which is scheduled for delivery in Q1 2014, and MLP-3, on which it began work in February.

MLP-3 and MLP-4 are both expected to be designed as AFSBs, an MLP variant that will feature an enlarged flight deck for operating helicopters and tilt-rotor aircraft on special operations and mine-sweeping missions.

NASSCO's design work on the new variants contract should be complete by November.

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Rich Smith

I love things that go "boom." Sonic or otherwise, that means I tend to gravitate towards defense and aerospace stocks. But to tell the truth, over the course of a dozen years writing for The Motley Fool, I have covered -- and continue to cover -- everything from retailers to consumer goods stocks, and from tech to banks to insurers as well. Follow me on Twitter or Facebook for the most important developments in defense & aerospace news, and other great stories besides.

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