GD Awarded $12 M for Virginia-Class Repair Parts
General Dynamics Electric Boat has received an $11.5 million contract modification from the U.S. Navy to provide on-board repair parts for Virginia-class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
The modification was exercised under the $14 billion contract awarded to Electric Boat in December 2008 for the construction of eight Virginia-class submarines, and has a potential value of $85 million.
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Source : General Dynamics Corporation (NYSE: GD)