General Dynamics Awarded $41 Million for Submarine Maintenance and Modernization

      General Dynamics Awarded $41 Million for Submarine Maintenance and
                                Modernization

PR Newswire

GROTON, Conn., Dec. 17, 2012

GROTON, Conn., Dec.17, 2012 /PRNewswire/ --General Dynamics Electric Boat
has been awarded a U.S. Navy contract worth $41 million to perform non-nuclear
submarine modernization and maintenance work. Electric Boat is a wholly owned
subsidiary of General Dynamics (NYSE: GD).

Under the contract, Electric Boat will continue operating the New England
Maintenance Manpower Initiative at the Naval Submarine Base here, providing a
wide range of non-nuclear overhaul, repair and modernization services in
support of submarines, floating dry docks, support and service craft and other
equipment at the base. About 250  Electric Boat employees will be engaged in
the work.

The contract includes four annual options. If these options were exercised,
the cumulative value of the contract would be $222.3 million.

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

www.gdeb.com 

SOURCE General Dynamics Electric Boat

Website: http://www.generaldynamics.com
Contact: Media: Robert Hamilton, +1-860-433-8556, Rhamilt1@gdeb.com,
Investors: Amy Gilliland, +1-703-876-3748, agilliland@gd.com
 
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