General Dynamics Awarded $9 Million to Plan Maintenance Work on Submarine North Carolina
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $9 million contract modification to plan the post-shakedown availability (PSA) on the nuclear submarine North Carolina (SSN-777). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
The PSA, which will comprise maintenance, repairs, alterations and testing, will be performed in Groton and is expected to begin in early 2009.
North Carolina, the fourth ship of the Virginia Class, was delivered to the Navy earlier this month by Electric Boat's construction teammate, Northrop Grumman Shipbuilding. Electric Boat and Northrop Grumman Shipbuilding have received contracts to produce a total of 10 Virginia-Class submarines.
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 http://www.generaldynamics.com.
February 29, 2008
Contact: Robert A. Hamilton
Tel: (860) 433-8556
Email: Rhamilt1@gdeb.com
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