General Dynamics Awarded $89 Million by U.S. Navy for Virginia-class Submarine Work
GROTON, Conn., Nov. 19, 2012 /PRNewswire/ -- General Dynamics Electric Boat has been awarded an $88.8 million contract modification by the U.S. Navy to provide research and development and lead-yard services for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the contract, Electric Boat will undertake development studies and other work related to Virginia-class submarine design improvements. Additionally, Electric Boat will perform research and development work required to evaluate new technology to be inserted in newly built Virginia-class ships.
The contract has a potential cumulative value of $881 million through 2014 if all options are exercised and funded.
This work will engage Electric Boat's engineering and design organization, which comprises more than 4,000 employees. Possessing proven technical capabilities, these employees work on all facets of the submarine life cycle from concept formulation and design through construction, maintenance and modernization, and eventually to inactivation and disposal.
More information about General Dynamics is available on the Internet at www.generaldynamics.com.
SOURCE General Dynamics Electric Boat
More by this Source
U.S. Navy Awards General Dynamics $20 Million for Nuclear Submarine Services
Apr 22, 2013, 13:00 ET
General Dynamics Is Awarded $10 Million for Submarine Maintenance and Modernization Work
Apr 15, 2013, 10:00 ET
General Dynamics Awarded Submarine Safety and Maintenance Contract
Feb 28, 2013, 15:00 ET
Browse our custom packages or build your own to meet your unique communications needs.
Learn about PR Newswire services
Request more information about PR Newswire products and services or call us at (888) 776-0942.