ADi News2013-11-06 06:42:09
General Dynamics Receives $18 Million Contract for Submarine Planning Services
The U.S. Navy has awarded General Dynamics Electric Boat an $18.2 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Initially awarded in November 2011, the contract has a potential cumulative value of $121.2 million through 2016 if all options are exercised. Most of the work will be performed in Groton, with the remainder taking place in Charleston, S.C., where the moored training ships are based.
The U.S. Navy has awarded General Dynamics Electric Boat an $18.2 million contract modification to perform reactor-plant planning yard services for nuclear submarines and support-yard services for moored training ships. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Initially awarded in November 2011, the contract has a potential cumulative value of $121.2 million through 2016 if all options are exercised. Most of the work will be performed in Groton, with the remainder taking place in Charleston, S.C., where the moored training ships are based.
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