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May 23, 2008 |
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General Dynamics Receives $6 Million Contract Modification For Nuclear Submarine Maintenance
GROTON, Conn. – The U. S. Navy has awarded General
Dynamics Electric Boat a $6 million contract modification for management and
nuclear maintenance work on submarines stationed at Submarine Base New
London, Conn. Electric Boat is a wholly owned subsidiary of General Dynamics
(NYSE: GD).
Under the terms of the contract modification, Electric Boat will continue to
operate the Nuclear Regional Maintenance Department (NRMD) at the submarine
base through Sept. 30, 2008. The company will provide project management,
planning, training, and radiological-control services to support
maintenance, modernization and repairs in support of operational submarines.
About 25 Electric Boat employees are assigned to the NRMD.
The initial contract was awarded in December 2005 and has a potential value
of $75.4 million over three years if all options are exercised.
General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 84,000 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. More information about the company is available on the
Internet at www.generaldynamics.com.
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