General Dynamics Awarded $7 Million for Virginia-class Submarine Work

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May 22, 2012, 10:00 ET

GROTON, Conn., May 22, 2012 /PRNewswire/ -- General Dynamics Electric Boat has been awarded a $6.8 million U.S. Navy contract modification to design and procure a common controller for various shipboard functions on Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

This modification is part of an overall engineering contract supporting the Virginia-class submarine program. The contract was initially awarded in July 2010 and has a potential value of $881 million over a total of five years if all options are exercised and funded.

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

SOURCE General Dynamics Electric Boat