U.S Navy Awards General Dynamics $7.7 Million Contract Modification for Submarine Maintenance
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics (NYSE: GD) a $7.7 million modification to an existing contract for submarine maintenance and repair work. The initial contract, awarded in October 2001, will be worth $152.9 million over five years if all options are exercised and funded.
Under the terms of the contract modification, Electric Boat will continue to provide non-nuclear submarine repair and maintenance services at the Naval Submarine Support Facility, located at the Naval Submarine Base in Groton.
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 - Tuesday, April 13, 2004
Press Contact: (860) 433-8556
|
NEWSLETTER
|
| Join the GlobalSecurity.org mailing list |
|
|
|
