U.S. Navy Awards General Dynamics $9 Million for Ohio-Replacement Submarine Work
GROTON, Conn. – The U.S Navy has awarded General Dynamics Electric Boat an $8.8 million order under an existing contract to support engineering and design services for the Ohio Replacement Program, the nation’s next-generation strategic deterrent submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
The award modifies a $76 million contract announced in December 2008 for engineering, technical services, concept studies and design of a Common Missile Compartment for the next-generation ballistic missile submarines being developed for the Royal Navy and the U.S. Navy.
If all options are exercised and funded, the overall contract would have a value of more than $652 million.
More information about General Dynamics is available on the Internet at www.generaldynamics.com.
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December 7, 2010
Contact: Robert A. Hamilton
Tel: (860) 433-8556
Email: Rhamilt1@gdeb.com
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