General Dynamics Receives $18 Million Contract for Submarine Planning Services
GROTON, Conn., Oct. 25, 2012
GROTON, Conn., Oct. 25, 2012 /PRNewswire/ --The U.S. Navy has awarded General
Dynamics Electric Boat a $17.5 million contract modification to perform
reactor-plant planning yard services for nuclear submarines and support yard
services for moored training ships. Electric Boat is a wholly owned subsidiary
of General Dynamics (NYSE: GD).
The contract being modified was initially awarded in November 2011 and has a
potential cumulative value of $121.2 million through 2016 if all options are
exercised and funded. Most of the work will be performed in Groton, with the
remainder taking place in Charleston, S.C., where the moored training ships
This work will engage Electric Boat's engineering and design organization,
which comprises more than 4,000 employees. Possessing proven technical
capabilities, these employees work on all facets of the submarine life cycle
from concept formulation and design through construction, maintenance and
modernization, and eventually to inactivation and disposal.
More information about General Dynamics is available on the Internet at
SOURCE General Dynamics Electric Boat
Contact: Media: Robert Hamilton, General Dynamics Electric Boat,
+1-860-433-8556, orInvestors: Amy Gilliland, General Dynamics, +1-703-876-3748
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