General Dynamics Awarded $8 Million by U.S. Navy for Virginia-class Submarine Work

Feb 24, 2012, 10:00 ET from General Dynamics Electric Boat

GROTON, Conn., Feb. 24, 2012 /PRNewswire/ -- General Dynamics Electric Boat has been awarded an $8.3 million contract modification by the U.S. Navy to procure components for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the contract modification, Electric Boat will procure material for the construction of Advanced Integrated Low Pressure Electrolyzers used on Virginia-class submarines.

The lead-yard services contract being modified has a potential cumulative value of $881 million through 2014 if all options are exercised and funded.

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

www.gdeb.com 

 

 

SOURCE General Dynamics Electric Boat



RELATED LINKS

http://www.generaldynamics.com


http://www.gdeb.com