General Dynamics Awarded $89 Million by U.S. Navy for Virginia-class Submarine Work

General Dynamics Awarded $89 Million by U.S. Navy for Virginia-class Submarine
                                     Work

PR Newswire

GROTON, Conn., Nov. 19, 2012

GROTON, Conn., Nov. 19, 2012 /PRNewswire/ -- General Dynamics Electric Boat
has been awarded an $88.8 million contract modification by the U.S. Navy to
provide research and development and lead-yard services for Virginia-class
nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary
of General Dynamics (NYSE: GD).

Under the contract, Electric Boat will undertake development studies and other
work related to Virginia-class submarine design improvements. Additionally,
Electric Boat will perform research and development work required to evaluate
new technology to be inserted in newly built Virginia-class ships.

The contract has a potential cumulative value of $881 million through 2014 if
all options are exercised and funded.

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
www.generaldynamics.com.

SOURCE General Dynamics Electric Boat

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