GD Awarded $91 M by US Navy for Virginia-class Submarine WorkGroton, Conn. - General Dynamics Electric Boat has been awarded a $91.2 million contract modification by the U.S. Navy to provide lead-yard services for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the contract, Electric Boat will develop, maintain and update design drawings and data, including technology insertions, for each Virginia-class submarine throughout its construction and post-shakedown availability periods. Additionally, Electric Boat will perform research and development work required to evaluate new technology to be inserted in newly built Virginia-class ships.
Top 20 Defense Contractor Assessments
The contract has a potential value of $881 million through 2014 if all options are exercised and funded.
Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.
Source : General Dynamics Corporation (NYSE: GD)
Jan 1 - Dec 31, 2016 - USB Drive, Windows Computer