General Dynamics Is Awarded $42 Million for Submarine Maintenance and Modernization Work

General Dynamics Is Awarded $42 Million for Submarine Maintenance and
Modernization Work
August 18th, 2009

GROTON, Conn., Aug 18, 2009 -- The U.S Navy has awarded General Dynamics Electric Boat a $42.1 million contract to plan and perform routine maintenance and modernization work on USS Springfield (SSN-761), a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the contract, Electric Boat will plan for and perform a Dry-docking
Selected Restricted Availability, which consists of engineering,
procurement, repairs, maintenance, modernization and testing. The work will
take place at Electric Boat's shipyard in Groton; it is expected to be
completed by February 2010.

General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 92,000 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.

Technorati Tags:
General Dynamics (NYSE:GD), Naval Systems