General Dynamics Receives $37 Million for USS Hartford Repair Work

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Apr 06, 2010, 10:15 ET

GROTON, Conn., April 6 /PRNewswire-FirstCall/ -- The U.S. Navy has awarded General Dynamics Electric Boat a $36.6 million contract modification for repair work on USS Hartford (SSN-768), a Los Angeles-class submarine damaged in a collision in March 2009. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the modification, Electric Boat will continue work on the complete restoration of USS Hartford, including fabrication and installation of a hull patch, bridge-access trunk, port retractable bow plane and the sail. In addition, Electric Boat will perform selected maintenance work on the submarine. If all options are exercised and funded, the total value of the contract will be $86.9 million.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 91,700 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

SOURCE General Dynamics Electric Boat