General Dynamics Awarded $52 Million for Maintenance Work on USS Mississippi

 General Dynamics Awarded $52 Million for Maintenance Work on USS Mississippi

PR Newswire

GROTON, Conn., Jan. 16, 2013

GROTON, Conn., Jan. 16, 2013 /PRNewswire/ -- General Dynamics Electric Boat
has been awarded a $51.7 million contract modification by the U.S. Navy to
plan and perform the post-shakedown availability (PSA) on the nuclear
submarine USS Mississippi (SSN-782). Electric Boat is a wholly owned
subsidiary of General Dynamics (NYSE: GD).

The PSA includes maintenance, repairs, alterations and testing. It will be
performed at Electric Boat's Groton shipyard. Up to 400 employees will be
engaged in the work, which is scheduled for completion by December 2013.

Initially awarded in April 2012, the contract has a total potential value of
$67 million.

In May 2012, Electric Boat delivered Mississippi to the U.S. Navy a year 
ahead of contract schedule and more than $60 million below target cost.

Mississippi is the ninth ship of the Virginia Class, the most advanced
submarines in the world. These ships are providing the Navy with the
capabilities it requires to retain its undersea dominance well into the 21st
century.

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

SOURCE General Dynamics Electric Boat

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