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General Dynamics NASSCO Begins Construction of Third Product Carrier Ship

Written by thomas · Filed Under Aeronautics News 

July 24, 2008

thomas

SAN DIEGO, July 24 /PRNewswire/ — General Dynamics NASSCO, a
wholly-owned subsidiary of General Dynamics (NYSE: GD), today began
construction of the third ship in its series of nine product carriers. The
shipyard is scheduled to lay the ship’s keel in November and deliver the
ship to U.S. Shipping Partners (NYSE: USS) in the fourth quarter of 2009.

In August 2006, General Dynamics NASSCO received a $1 billion contract
from U.S. Shipping Partners to build the nine ships, which are designed to
carry petroleum and chemical products in Jones Act trade between U.S.
ports. The ships will be double-hulled, 183 meters (600.4 feet) in length
and can carry cargo weighing up to 49,000 tons.

U.S. Shipping Partners previously announced that the third ship will be
named “Sunshine State,” in honor of the state nickname of Florida.

General Dynamics NASSCO employs approximately 4,700 people and is the
only major ship construction and repair yard on the West Coast of the
United States. In addition to the Product Carrier ship program, NASSCO is
also building the Lewis and Clark-class of dry cargo-ammunition ships for
the U.S. Navy. Additional information on NASSCO can be found at
http://www.nassco.com.

General Dynamics, headquartered in Falls Church, Va., employs
approximately 84,000 people worldwide and reported 2007 revenues of $27.2
billion. The company has leading market positions in mission critical
information systems and technologies, land and amphibious combat systems,
shipbuilding and marine systems, and business aviation. More information
about the company is available on the Internet at
http://www.generaldynamics.com.

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