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Military

U.S. Navy Awards General Dynamics $5 Million Contract for Modernization Work on USS Connecticut

GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $5.2 million contract modification under a basic ordering agreement for engineering and technical services in support of the Drydocking Selected Restricted Availability (DSRA) of the USS Connecticut (SSN-22), a Seawolf-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

This contract modification is for additional DSRA work, which consists of repairs, maintenance work and alterations on the USS Connecticut. The work is taking place at Electric Boat’s shipyard in Groton and is expected to be completed by December 2005. Initially awarded in March, the DSRA contract has a total value of $80.7 million.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 70,100 people worldwide and had 2004 revenue of $19.2 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 - Monday, May 2, 2005
Press Contact: (860) 433-8556



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