GD Receives $16 M Navy Award for Common Missile Compartment WorkGroton, Conn. - The U.S Navy has awarded General Dynamics Electric Boat a $15.8 million contract modification for continued engineering, technical services, concept studies and design in support of the Common Missile Compartment under development 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 being developed for the Royal Navy and the U.S. Navy.
Military Global Navigation Satellite Systems (GNSS) Market Assessment
If all options are exercised and funded, the overall contract would have a value of more than $651 million.
Source : General Dynamics Corporation (NYSE: GD)