U.S. Navy Awards General Dynamics $47 Million For Post-Shakedown Work on USS North Carolina
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat two contract modifications totaling $46.5 million to perform work on USS North Carolina (SSN-777) during its post-shakedown availability (PSA). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
The PSA will include maintenance, repairs, alterations, testing and other activities and will involve more than 500 current employees at its peak. Scheduled for completion in March 2010, the contract has an estimated total potential value of $70 million.
USS North Carolina is the fourth ship of the Virginia class, the first of the Navy’s major combatants to be designed specifically for post-Cold War missions. Electric Boat and its construction teammate, Northrop Grumman Shipbuilding, have received contracts to produce 10 Virginia-class submarines.
General Dynamics, headquartered in Falls Church, Va., employs approximately 91,200 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 General Dynamics is available online at www.gd.com.
December 18, 2008
Contact: Robert A. Hamilton
Tel: (860) 433-8556
Email: Rhamilt1@gdeb.com
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