• Military Menu                       

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

• WMD
• Intelligence
• Homeland Security
• Space

U.S. Navy Awards General Dynamics $149.4M Contract Modification for SSGN Work

GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $145.6 million contract modification to convert the USS Florida (SSBN-728) 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 provide $3.8 million for planning activities required for the conversion of USS Georgia from SSBN-729 to SSGN-729. 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 $1.029 billion.

Under the terms of the modification, Electric Boat will continue the conversion of USS Florida at Norfolk Naval Shipyard in Virginia, concurrent with the ship’s Engineered Refueling Overhaul. Additionally, the modification funds installation planning for the October 2005 conversion of the USS Georgia, also at Norfolk Naval Shipyard. This work includes establishing onsite teams from Electric Boat to plan and coordinate conversion activities, develop and manage conversion work packages and provide material control for items stored at the conversion site.

Work will be performed in Norfolk, Va. (58 percent); Quonset Point, R.I. (30 percent); and Groton (12 percent). Work is expected to be completed by September 2007.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 67,600 people worldwide and had 2003 revenue of $16.6 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.

# # #

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 - Wednesday, March 3, 2004
Press Contact: (860) 433-8556