Posted on Jul 28, 2018
The US Navy’s Columbia class submarines could squeeze General Dynamics’ profits
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General Dynamics, which owns Electric Boat in Groton, Connecticut, usually sees eight-to-10 percent margins on its boats. But GD chief executive Phebe Novakovic told investors and analysts on its quarterly earnings those margins will be under pressure as they move from just constructing Virginia-class attack submarines to kicking off the Columbia class, the first new ballistic missile submarine in decades.
The US Navy’s Columbia class submarines could squeeze General Dynamics’ profits
Posted from defensenews.com
Nuclear
Submarines
General Dynamics
Groton
Budget
Posted >1 y ago
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When I was Stationed at Electric Boat in the 90's. Sure seemed like they where making better margins. Always seemed stupid to me to build a boat with olf technology included in the contract. Just to come back 2 months after it's built take it all out cut holes. To put the next upgrade in. Just so they could do the same thing every year. Always seemed like it might have been a better idea to put the newest stuff in available at the time. Watched so much Government money wasted while I was there.
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