U.S. Navy Awards General Dynamics $29 Million Contract For Submarine Maintenance and Modernization Work
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $29.3 million contract to perform routine maintenance and modernization work on the USS Miami (SSN-755), 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 Dry Dock Selected Restricted Availability, which consists of repairs, maintenance work, alterations and several major systems upgrades. The work will take place at the Navy Submarine Base in Groton between July 17 and Sept. 30, and involve more than 500 current employees at its peak.
General Dynamics, headquartered in Falls Church, Va., employs approximately 72,700 people worldwide and had 2005 revenue of $21.2 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. More information about the company can be found at www.generaldynamics.com.
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May 30, 2006
Contact: Robert A. Hamilton
Tel: (860) 433-8556
Email: Rhamilt1@ebmail.gdeb.com
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