U.S. Navy Awards General Dynamics $401 Million for Nuclear-Submarine Support Work

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Oct 07, 2010, 05:18 ET

GROTON, Conn., Oct. 7 /PRNewswire-FirstCall/ -- The U.S. Navy has awarded a $400.6 million contract to General Dynamics Electric Boat to provide planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the terms of this award, Electric Boat will provide design, engineering, material and logistics support, and research and development activities for active U.S. submarines and submersibles. Electric Boat also will provide information services, planning, scheduling and technical support for submarine maintenance and modernization activities, training and facility support, and affordability/cost reduction support.

General Dynamics, headquartered in Falls Church, Va., employs approximately 91,000 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 General Dynamics is available online at www.generaldynamics.com.

SOURCE General Dynamics Electric Boat