General Dynamics Awarded $7 Million Contract to Plan Submarine Maintenance
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $7 million contract to begin advanced planning for maintenance, repair and alterations on the USS Augusta (SSN-710). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
The work to be performed on the Augusta – known as an Interim Dry Docking – will be completed at Electric Boat from Nov. 4, 2003, through March 19, 2004. The total value of this work will be $34 million.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 57,000 people worldwide and anticipates 2003 revenues of $15 billion. The company has leading market positions in mission-critical information systems and technologies, land and amphibious combat systems, 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 -Friday, July 11, 2003
Press Contact: (860) 433-8556
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