With Columbia revving up, General Dynamics expects submarines to be a cash cow
29 Jan 2021
Maritime Industry
General Dynamics’ marine business expects its work in building submarines to drive hundreds of millions of dollars in annual revenue growth over the coming years, company head Phebe Novakovic told investors in a call Wednesday.
The company is expecting a $300 million increase in revenue in 2021, with a rough estimate of between $400-500 million of growth a year, Novakovic said, citing submarines as a significant driver. The next-generation ballistic missile submarine Columbia will account for much of that growth, she said.
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