General Dynamics Awarded $118 Million by U.S. Navy for Common Missile Compartment Work

General Dynamics Awarded $118 Million by U.S. Navy for Common Missile
Compartment Work

January 22,2010 10:03:09 AM

GENERAL DYNAMICS

GROTON, Conn., -- General Dynamics Electric Boat has been awarded a $118 million contract modification by the U.S. Navy to continue concept studies, engineering and design of a Common Missile Compartment for the United Kingdom's Successor ballistic-missile submarine and the U.S. Ohio replacement 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
under development 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 $600 million.

Technorati Tags:
General Dynamics (NYSE:GD), Nuclear Deterrent, Royal Navy, USN (US Navy), Electric Boat