The U.S. Navy has awarded General Dynamics Electric Boat a $65.5 million contract modification for nuclear-submarine modernization and maintenance work. Electric Boat is a wholly owned subsidiary of General Dynamics.
Under the terms of the contract modification, Electric Boat will provide drawings and related data, planning, scheduling and technical support required to complete engineered overhauls and extended refit periods for operational submarines. Work performed under this modification is expected to be completed by September 2008.Initially awarded in March 2004, the contract could be worth more than $1.1 billion over five years if all options are exercised and funded. |
