General Dynamics Receives $16 Million Navy Award for Common Missile Compartment Work

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Jul 12, 2011, 11:00 ET

GROTON, Conn., July 12, 2011 /PRNewswire/ -- The U.S. Navy has awarded General Dynamics Electric Boat a $15.8 million contract modification for continued engineering, technical services, concept studies and design in support of the Common Missile Compartment under development for the United Kingdom's Successor ballistic-missile submarine and the U.S. Ohio replacement submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

The award modifies a $76 million contract announced in December 2008 for engineering, technical services, concept studies and design of a Common Missile Compartment for the next-generation ballistic missile submarines being developed for the Royal Navy and the U.S. Navy.

If all options are exercised and funded, the overall contract would have a value of more than $651 million.

This work will engage Electric Boat's 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.

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

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SOURCE General Dynamics Electric Boat