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.
More Topics
The town of Groton was awarded a $344,705 state grant to extend the G&S Trolley Trail and provide more opportunities for people to bike in the Poquonnock Bridge section of town.
The grant will allow the Town of Groton to extend the path to provide a safe connection to...
Mystic Deaf History
Jan 21 2021Did you know that Mystic, Connecticut has some deaf history?!
I never knew this until a few years of living here. I bumped into some older Deaf adults who all told me about their former deaf school… which happened to be right here in Mystic. It used to be...
Rediscover Fun at Bank Square Books
Jan 11 2021A shopper’s eyes sparkle as she enters the inviting space. Gifts, books, toys, journals and candles surrounded her for the first time in months. “Everything is so beautiful and I’ve missed it so much”, she says.
Last year challenged all retail businesses - but creativity and tenacity anchor Bank...