U.S. Navy Awards General Dynamics $48 Million for USS Toledo Maintenance and Modernization

 U.S. Navy Awards General Dynamics $48 Million for USS Toledo Maintenance and
                                Modernization

PR Newswire

GROTON, Conn., Dec. 18, 2012

GROTON, Conn., Dec. 18, 2012 /PRNewswire/ -- The U.S. Navy has awarded General
Dynamics Electric Boat a $47.7 million contract modification to perform
routine maintenance and modernization work on the USS Toledo (SSN-769), a Los
Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of
General Dynamics (NYSE: GD).

Under the terms of the contract, Electric Boat will plan and perform a
dry-docking selected restricted availability, which consists of maintenance
work, alterations and modernization activities required to ensure the
submarine is operating at full technical capacity. The work will take place
at the Electric Boat shipyard in Groton and involve up to 300 employees. The
work is scheduled for completion in September 2013.

The contract was initially award in May 2012 and has a potential value of $65
million if all options are exercised.

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

SOURCE General Dynamics Electric Boat

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