Navy Awards General Dynamics $7 Million to Plan Submarine Maintenance and Modernization Work
GROTON, Conn., Aug. 2, 2012 /PRNewswire/ -- The U.S. Navy has awarded General Dynamics Electric Boat a $6.9 million contract modification to plan maintenance and modernization work on the Los Angeles-class submarines USS Hartford (SSN-768) and USS Toledo (SSN-769). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the terms of the contract modification, Electric Boat will perform advanced planning and material procurement to prepare for and complete Dry-Docking Selected Restricted Availabilities (DSRAs) on the two submarines. The planning and execution of the two DSRAs has a combined potential value of $75 million. The DSRAs are scheduled for completion by January 2013. The work will take place at Electric Boat's Groton shipyard.
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SOURCE General Dynamics Electric Boat