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News

General Dynamics Awarded $20 Million for Submarine Support Work

General Dynamics : 27 November, 2006  (New Product)
November 27, 2006
General Dynamics Awarded $20 Million for Submarine Support Work

GROTON, Conn. - The U.S. Navy has awarded General Dynamics Electric Boat a $20.1 million contract modification for nuclear-submarine and shore-support facility work. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Electric Boat will provide management, design and installation services for shore-support facilities consolidations and operational nuclear-submarine retrofits. Work is expected to be completed by November 2009. 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.
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