April 10/19: Modernization Program DRS Laurel Technologies won...

April 10/19: Modernization Program DRS Laurel Technologies won external link a $53.7 million supply contract in support of the guided-missile destroyer (DDG) modernization program. The deal includes cost reimbursable services for the repair station console (RSC). According to the DoD, the RSC installation is accomplished in whole or in phases that minimize interruption in ship operating schedules while maximizing the capacity of type Commander and Naval Sea System Command agencies to upgrade and modernize hull, mechanical as well as electrical and electronic systems. DRS Laurel will deliver supplies to various Navy bases, shipyards, repair and contractor facilities. The DDG program commenced with the USS Arleigh Burke (DDG 51) in mid-2010, to provide comprehensive mid-life upgrades that will ensure Arleigh Burke class ships maintain mission relevance. With an expected life of 35 years or more, the sustained maintenance and modernization of these ships is crucial to their continued role as an essential component of surface warfare. The Navy modernization program provides a full spectrum of technical support encompassing all phases of the alteration/installation process. Laurel Technologies will perform in Virginia and various other places and expects to be finished by April 2024.
CFO navy trials were on Arleigh Burke class ships if I am not mistaken.
Coincidence that the SP spiked around April?
Expect something big to be Ann next Tuesday.
BIG.