The following is the text of a press release issued by General Dynamics NASSCO:
(SAN DIEGO) — General Dynamics NASSCO, a wholly-owned subsidiary of General Dynamics (NYSE: GD), today laid the keel of the fifth ship of its State-class product carriers. The ship will be named Evergreen State, the state nickname of Washington.
NASSCO began constructing the future Evergreen State last May. The ship will be double-hulled and have a cargo capacity of approximately 331,000 barrels. It will be used in Jones Act service, carrying petroleum and chemical products between U.S. ports. The shipyard anticipates delivering the vessel to American Petroleum Tankers, LLC, in the fourth quarter of 2010.
General Dynamics NASSCO employs more than 4,300 people and is the only full-service ship construction and repair yard on the West Coast of the United States. In addition to the product carriers, the shipyard is building dry cargo-ammunition ships for the U.S. Navy. More information about NASSCO can be found at www.nassco.com.
General Dynamics, headquartered in Falls Church, Va., employs approximately 92,300 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about General Dynamics is available online at www.generaldynamics.com.
