U.S. Navy Awards General Dynamics $12.2M for Virginia-Class Submarine Material
GROTON, Conn. – The U.S Navy has awarded General Dynamics Electric Boat a $12.2 million material order to procure spares for ship’s service turbine-generator and main-propulsion units used in Virginia-Class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Ships of the Virginia class are the first U.S. Navy combatants designed for the post-Cold War era. Unobtrusive, non-provocative and connected with land, air, sea and space-based assets, they are equipped to wage multi-dimensional warfare around the globe, providing the U.S. Navy with continued dominance in coastal waters or the open ocean.
Electric Boat delivered the first submarine of the class, USS Virginia (SSN-774), to the Navy in October 2004. In June, the company’s construction partner, Northrop Grumman, delivered the second ship of the class, Texas
(SSN-775). Electric Boat and its partner have contracts to build another eight Virginia-class submarines; a total of 30 ships are planned.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 81,900 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 can be found online at: www.generaldynamics.com.
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August 18, 2006
Contact: Robert A. Hamilton
Tel: (860) 433-8556
Email: Rhamilt1@ebmail.gdeb.com
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