General Dynamics Awarded $118 Million for Development of Advanced Submarine Technologies

 General Dynamics Awarded $118 Million for Development of Advanced Submarine
                                 Technologies

PR Newswire

GROTON, Conn., May 31, 2012

GROTON, Conn., May 31, 2012 /PRNewswire/ -- General Dynamics Electric Boat has
been awarded a $117.8 million contract modification from the U.S. Navy to
develop advanced submarine technologies for current and future undersea
platforms. Electric Boat is a wholly owned subsidiary of General Dynamics
(NYSE: GD).

Under the terms of the modification, Electric Boat will perform advanced
submarine research and development studies in support of a wide range of
technology areas including manufacturability, maintainability, survivability,
hydrodynamics, acoustics and materials. Electric Boat also will conduct
research and development work in additional areas including manning, hull
integrity, performance, ship control, logistics, weapons handling and safety.
Additionally, the contract supports near-term Virginia-class technology
insertion, identification of Ohio-class replacement technology options, future
submarine concepts and core technologies.

Initially awarded in November 2010, the contract has a potential value of
$710.6 million over five years if all options are exercised and funded.

More information about General Dynamics is available on the Internet at
www.generaldynamics.com.

SOURCE General Dynamics Electric Boat