GD Awarded $41 M for Submarine Maintenance and Modernization
General Dynamics Electric Boat has been awarded a U.S. Navy contract worth $41 million to perform non-nuclear submarine modernization and maintenance work. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the contract, Electric Boat will continue operating the New England Maintenance Manpower Initiative at the Naval Submarine Base here, providing a wide range of non-nuclear overhaul, repair and modernization services in support of submarines, floating dry docks, support and service craft and other equipment at the base. About 250 Electric Boat employees will be engaged in the work.
Global Submarine Fiber Cable Market 2015-2019
The contract includes four annual options. If these options were exercised, the cumulative value of the contract would be $222.3 million
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, 2015 - Online USB Drive, Online
Aug 31 - Sep 2, 2015 - Washington, United States