Navy Awards General Dynamics $7 Million to Plan Submarine Maintenance and Modernization Work

News provided by

Aug 02, 2012, 10:30 ET

GROTON, Conn., Aug. 2, 2012 /PRNewswire/ -- The U.S. Navy has awarded General Dynamics Electric Boat a $6.9 million contract modification to plan maintenance and modernization work on the Los Angeles-class submarines USS Hartford (SSN-768) and USS Toledo (SSN-769). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the terms of the contract modification, Electric Boat will perform advanced planning and material procurement to prepare for and complete Dry-Docking Selected Restricted Availabilities (DSRAs) on the two submarines. The planning and execution of the two DSRAs has a combined potential value of $75 million. The DSRAs are scheduled for completion by January 2013. The work will take place at Electric Boat's Groton shipyard.

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

SOURCE General Dynamics Electric Boat