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GDMS Receives $808M Navy Contract for Torpedo Kits

Dec 26, 2024over 1 year ago

Contract Type

contract

OttawaManufacturingSecurity

Description

General Dynamics Mission Systems has secured a potential $807.6 million contract from the U.S. Navy to provide support for the MK 54 Lightweight Torpedo Program. The contract covers the production of MK 54 MOD 1 lightweight torpedo kits, related items, engineering, and hardware support, with a possibility to extend to December 2033. The contract will be performed in multiple locations across the United States.

Company Information

Company

General Dynamics Mission Systems

Location

Ottawa, Michigan, United States

About

Engineering the brains behind the brawn for combat vehicles, ships, submarines, aircraft,spacecraft and other advanced defense systems. We solve the toughest security and technology challenges facing our nation and its allies by building smarter mission-critical products and systems.

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General Dynamics Mission Systems signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.