Navy Awards Electric Boat Submarine Work Worth $48 Million
GROTON, Conn. – The U. S. Navy has awarded General Dynamics (NYSE: GD) Electric Boat submarine engineering and life-cycle support work worth $48 million.
This contract modification will provide for design, engineering, material and logistics support for the Trident program, the two operational Seawolf submarines, the nuclear-powered research submarine NR-1 and efforts supporting SSN-688 ships. It also supports D-5 missile backfit work at Puget Sound, Wash., and missile-tube maintenance efforts at Kings Bay, Ga.
Fifty-seven percent of the work will be performed at Groton; 23 percent at Bangor; 16 percent at Kings Bay; and 4 percent at Newport and Quonset Point, R.I.
General Dynamics of Falls Church, Virginia, has leading market positions in shipbuilding and marine systems, land and amphibious combat systems, information systems, and business aviation. The corporation employs approximately 44,000 people and has annualized sales of approximately $10 billion.
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Any "forward-looking statements" contained in this press release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
General Dynamics Corporation (ticker: GD, exchange: NYSE)
News Release - Thursday, October 19, 2000
Press Contact: (860) 433-8556
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