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General Dynamics - $148m Contract fror Virginia Class Submarines

General Dynamics : 05 November, 2007  (Company News)
The U.S. Navy has awarded General Dynamics Electric Boat a $148 million contract modification to continue Virginia-class submarine (VCS) lead-yard services and related engineering efforts. Electric Boat is a wholly owned subsidiary of General Dynamics.
Under the terms of the modification, Electric Boat will maintain, update and support design drawings and data for each Virginia-class submarine, including technology insertion, during the construction and post-shakedown availability period. Additionally, Electric Boat will provide all engineering and related lead-yard services necessary for maintenance and support of VCS ship specifications.

The contract was initially awarded in October 2005 and will be worth $890 million if all options are exercised and funded. The contract runs through September 2009.
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