U.S. Navy Awards General Dynamics $8.7 Million for SSGN Material
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat an $8.7 million material order for the purchase of long-lead-time material required to support ship alterations on USS Michigan (SSBN-727) and USS Georgia (SSBN-729). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Electric Boat is currently engaged in the conversion of these two Trident ballistic-missile submarines – along with USS Ohio (SSBN-726) and USS Michigan (SSBN-728) – to SSGN multimission submarines optimized for conventional tactical strike and special-operations support. This award will support alterations to be performed after the conversions are completed.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 71,600 people worldwide and anticipates 2004 revenue in excess 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.
# # #
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, January 11, 2005
Press Contact: (860) 433-8202
|
NEWSLETTER
|
| Join the GlobalSecurity.org mailing list |
|
|
|
