U.S. Navy Awards General Dynamics $459 Million for Nuclear-Submarine Support Work
GROTON, Conn., Oct. 16, 2012 /PRNewswire/ -- The U.S. Navy has awarded a $459 million contract modification to General Dynamics Electric Boat to provide planning yard work and engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the terms of this award, Electric Boat will provide design, engineering and logistics support and research and development activities for active U.S. submarines and submersibles. Electric Boat will also provide information services and support submarine maintenance and modernization activities, training and affordability/cost reduction efforts.
Initially awarded in October 2010, the contract has a potential value of approximately $1.2 billion over three years if all options are exercised.
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 lifecycle 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.