General Dynamics Receives $6 Million Contract Modification For Nuclear Submarine Maintenance
GROTON, Conn. – The U. S. Navy has awarded General Dynamics Electric Boat a $6 million contract modification for management and nuclear maintenance work on submarines stationed at Submarine Base New London, Conn. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the terms of the contract modification, Electric Boat will continue to operate the Nuclear Regional Maintenance Department (NRMD) at the submarine base through Sept. 30, 2008. The company will provide project management, planning, training, and radiological-control services to support maintenance, modernization and repairs in support of operational submarines. About 25 Electric Boat employees are assigned to the NRMD.
The initial contract was awarded in December 2005 and has a potential value of $75.4 million over three years if all options are exercised.
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 84,000 people worldwide. 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.
May 23, 2008
Contact: Robert A. Hamilton
Tel: (860) 433-8556
Email: Rhamilt1@gdeb.com
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