General Dynamics Awarded $286 Million for Nuclear Submarine Support Work

GROTON, Conn. --- The U.S. Navy has awarded General Dynamics Electric Boat a $286 million contract for planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics.>> The contract has a total potential value of $1.8 billion over five years if all options are exercised and funded. Work performed under the initial award is expected to be completed by October 2009.>> Under the terms of the contract, Electric Boat will provide design, engineering, material and logistics support, and research and development activities for active U.S. Navy nuclear submarines and submersibles.>> Electric Boat will also provide information services, planning, scheduling and technical support for submarine maintenance and modernization activities, training and facility support, and affordability/cost reduction support.>>> General Dynamics, headquartered in Falls Church, Va., employs approximately 91,200 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.>> -ends->>>>