General Dynamics Receives $62 Million Navy Award for Common Missile Compartment Development

     General Dynamics Receives $62 Million Navy Award for Common Missile
                           Compartment Development

PR Newswire

GROTON, Conn., Nov. 21, 2012

GROTON, Conn., Nov. 21, 2012 /PRNewswire/ --The U.S Navy has awarded General
Dynamics Electric Boat a $61.7 million contract modification for the continued
development of the Common Missile Compartment for the United Kingdom's
Successor ballistic-missile submarine and the U.S. Ohio replacement submarine.
Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the modification, Electric Boat will procure, manufacture and test
prototype material and equipment to be used in the production of the Common
Missile Compartment.

The award modifies a contract announced in December 2008 for engineering,
technical services, concept studies and design of a Common Missile Compartment
for the next-generation ballistic missile submarines being developed for the
Royal Navy and the U.S. Navy. If all options are exercised and funded, the
overall contract would have a value of more than $776 million.

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 at
www.generaldynamics.com.

www.gdeb.com

SOURCE General Dynamics Electric Boat

Website: http://www.gdeb.com
Website: http://www.generaldynamics.com
Contact: Media: Robert Hamilton, General Dynamics Electric Boat,
+1-860-433-8556, or Investors: Amy Gilliland, General Dynamics,
+1-703-876-3748
 
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