Navy Awards General Dynamics $16.4 Million for Submarine Maintenance Work
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $16.4 million contract to perform routine maintenance work on the USS Dallas (SSN-700), a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the terms of the contract, Electric Boat will perform a Drydock Selected Restricted Availability, which consists of repairs, maintenance work and alterations. The work will take place at the Navy Submarine Base in Groton between February and April 2005.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 69,400 people worldwide and anticipates 2004 revenue of $19 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; 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, August 17, 2004
Press Contact: (860) 433-8556
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