U.S. Navy Awards General Dynamics $17 Million for Work on the Submarine Jimmy Carter
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $17.4 million contract modification to perform additional testing and development work on the Jimmy Carter (SSN-23). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
This award modifies an $886 million contract, initially awarded in December 1999, that will allow the submarine to accommodate advanced technology for naval special warfare, tactical surveillance and mine-warfare operations.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 54,000 people worldwide and had 2002 revenues of $13.8 billion. The company has leading market positions in land and amphibious combat systems, mission-critical information systems and technologies, shipbuilding and marine systems, and business aviation.
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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 - Tuesday, February 25, 2003
Press Contact: (860) 433-8556
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