General Dynamics Awarded $11 Million for Development of Advanced Submarine Technologies

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Jun 21, 2012, 02:30 ET

GROTON, Conn., June 21, 2012 /PRNewswire/ -- General Dynamics Electric Boat has been awarded an $11 million contract modification from the U.S. Navy to support research and development of advanced submarine technologies for current and future undersea platforms. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the terms of the modification, Electric Boat will perform advanced submarine research and development studies in support of a wide range of technology areas including manufacturability, maintainability, survivability, hydrodynamics, acoustics and materials. General Dynamics will conduct research and development work in additional areas including hull integrity, performance, ship control, logistics, weapons handling and safety. The program also supports near term insertion of Virginia-class technology; identification of Ohio-class replacement technology options; future submarine concepts; and core technologies.

Initially awarded in November 2010, the contract has a potential value of $711 million over five years if all options are exercised and funded.

This work will engage Electric Boat's Groton, Conn., engineering and design organization, which comprises more than 3,000 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. Additional work will be performed in Newport News, Va.

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

SOURCE General Dynamics Electric Boat