General Dynamics Awarded $148 Million for Virginia-class Design and Development work
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $148 million contract modification to continue Virginia-class submarine (VCS) lead-yard services and related engineering efforts. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).--
Under the terms of the modification, Electric Boat will maintain, update and support design drawings and data for each Virginia-class submarine, including technology insertion, during the construction and post-shakedown availability period. Additionally, Electric Boat will provide all engineering and related lead-yard services necessary for maintenance and support of VCS ship specifications.---
General Dynamics, headquartered in Falls Church, Va., employs approximately 83,000 people worldwide, and expects 2007 revenues of approximately $27 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies.
November 5, 2007
Contact: Robert A. Hamilton
Tel: 860 433 8556
Cell: 860 705 6197
Fax: 860 433 8054
Rhamilt1@gdeb.com
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