General Dynamics (NYSE: GD) Electric Boat has been awarded a contract by the U.S. Navy for management and support of nuclear-submarine work for submarines homeported at the Naval Submarine Base in Groton. The contract is valued at $25 million. If all options are exercised over three years the contracts potential value could be $78 million. Electric Boat will continue to operate the Nuclear Regional Maintenance Department at the submarine base.
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About General Dynamics
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 92,300 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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