US Navy Awards GD $16 M for Nuclear Submarine Services
The U.S. Navy has awarded General Dynamics Electric Boat a $16.3 million contract to perform nuclear-maintenance work for submarines homeported at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the contract, Electric Boat will continue to operate the Nuclear Regional Maintenance Department (NRMD) at the submarine base. The company will provide project management, planning, training and radiological-control services to support maintenance, modernization and repairs. A core group of approximately 25 Electric Boat employees are assigned to the NRMD, with surge groups of up to 100 shipyard employees assigned for short periods.
Global Naval Vessels MRO Industry 2016 Market Research Report
The contract has a potential value of $23.6 million over 9 months.
Source : General Dynamics Corporation (NYSE: GD)
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