GD Awarded $8 M by US Navy for Virginia-class Submarine Work
General Dynamics Electric Boat has been awarded an $8.3 million contract modification by the U.S. Navy to procure components for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the contract modification, Electric Boat will procure material for the construction of Advanced Integrated Low Pressure Electrolyzers used on Virginia-class submarines.
Submarine Optical Fiber Cables
The lead-yard services contract being modified has a potential cumulative 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)
Nov 16 - 19, 2015 - Washington, United States
Aug 31 - Sep 2, 2015 - Springfield, United States