• Military Menu                       

• Introduction
• Systems
• Facilities
• Agencies
• Industry
• Operations
• Countries
• Hot Documents
• News
• Reports
• Policy
• Budget
• Congress
• Links

• WMD
• Intelligence
• Homeland Security
• Space

General Dynamics Awarded $222 Million Contract Modification for SSGN work

GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $222 million contract modification to convert the USS Ohio (SSBN-726) from a Trident ballistic-missile submarine to a Trident SSGN, a multimission submarine optimized for tactical strike and special-operations support. The modification also will fund planning activities and the manufacture of long-lead materials required for the conversion of two other Trident SSBN submarines to Trident SSGNs. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

This award modifies a five-year, $443 million contract announced in September 2002 for design and related support work to convert the first four Trident ballistic-missile submarines to an SSGN configuration. If all options are exercised and funded, the contract will be worth a total of $833 million.

Under the terms of the modification, Electric Boat will continue the conversion of USS Ohio (SSBN-726) at Puget Sound Naval Shipyard in Washington, concurrent with the ship’s Engineered Refueling Overhaul. Additionally, the modification provides for conversion installation planning and long-lead material for the future conversions of the USS Michigan (SSBN-727) at Puget Sound and USS Georgia (SSBN-729) at Norfolk Naval Shipyard in Virginia. This work includes planning and coordinating the conversion activities, developing and managing conversion work packages, and providing material control for items stored at the shipyard. The long-lead manufacturing effort includes material acquisition, manufacturing, inspection, test and storage.

Work will be performed in Quonset Point, R.I. (43 percent), Puget Sound, Wash. (41 percent), Groton (14 percent) and Norfolk, Va. (2 percent), and is expected to be completed by September 2007.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 66,900 people worldwide and estimates 2003 revenues of $16.1 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.

# # #

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, December 18, 2003
Press Contact: (860) 433-8556