General Dynamics Awarded $25 Million For Sub Maintenance and Modernization Work
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $25.4 million contract to perform routine maintenance and modernization work on the USS San Juan (SSN-751), a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the contract, Electric Boat will perform a Docking Restricted Availability, which consists of repairs, maintenance work, alterations and testing. The work will take place at the Naval Submarine Base in Groton; it is expected to be completed by May 2008. The contract has a total potential value of $28.7 million if all options are exercised.
General Dynamics, headquartered in Falls Church, Va., employs approximately 83,500 people worldwide and reported 2007 revenues of $27.2 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. More information about the company is available on the Internet at www.generaldynamics.com.
February 11, 2008
Contact: Robert A. Hamilton
Tel: (860) 433-8556
Email: Rhamilt1@gdeb.com
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