U.S. Navy Awards General Dynamics $19 Million Contract For Submarine Planning Services
NEWS
October 12, 2006
Contact: Robert A. Hamilton
Tel: 860 433 8556
Email: Rhamilt1@gdeb.com
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat an $18.7 million contract to perform reactor-plant planning yard services for nuclear submarines and support yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Work will be performed in Groton, Conn. (95 percent) and Charleston, S.C. (5 percent), and is expected to be completed by September 2007.
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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