U.S. Navy Awards General Dynamics $23 Million for Nuclear Maintenance Work on Submarines
NEWS
October 2, 2006
Contact: Robert A. Hamilton
Tel: (860) 433-8556
Email: Rhamilt1@ebmail.gdeb.com
GROTON, Conn. – The U. S. Navy has awarded General Dynamics Electric Boat a $22.7 million modification to a previously awarded contract to manage and support nuclear-maintenance work for submarines home-ported at Submarine Base New London, Conn. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the terms of the contract modification, Electric Boat will continue to operate the Nuclear Regional Maintenance Department (NRMD) at the submarine base through Sept. 30, 2007. The company will provide project management, planning, training and radiological-control services to support maintenance, modernization and repairs of operational submarines. A core group of about 25 Electric Boat employees are assigned to the NRMD, with surge groups of up to 100 shipyard employees providing services for short periods.
The contract was initially awarded in December 2005 and has a potential value of $62 million over three years.
General Dynamics, headquartered in Falls Church, Va., 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 about the company is available online at www.generaldynamics.com
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