U.S. Navy Awards General Dynamics $10 Million for Common Missile Compartment Work

U.S. Navy Awards General Dynamics $10 Million for Common Missile Compartment Work
September 25, 2009 1:00:00 PM

GROTON, Conn., -- The U.S. Navy has awarded General Dynamics Electric Boat a $9.7 million contract modification for Common Missile Compartment prototype material procurement, manufacture and test. 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 under development for the United Kingdom's Royal Navy and the U.S. Navy.

If all options are exercised and funded, the overall contract would have a value of more than $600 million.

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