General Dynamics Awarded $20 Million for Submarine Support Work
November 27, 2006
Contact: Robert A. Hamilton
Tel: (860) 433-8556
Email: rhamilton@ebmail.gdeb.com
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $20.1 million contract modification for nuclear-submarine and shore-support facility work. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Electric Boat will provide management, design and installation services for shore-support facilities consolidations and operational nuclear-submarine retrofits. Work is expected to be completed by November 2009. Initially awarded in March 2004, the contract could be worth more than $1.1 billion over five years if all options are exercised and funded.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 81,100 people worldwide and expects 2006 revenue of approximately $24 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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