GD Awarded Submarine Safety and Maintenance Contract
The U.S. Navy has awarded General Dynamics Electric Boat a contract to perform submarine safety program (SUBSAFE) and intermediate submarine maintenance work for submarines. This five-year, indefinite delivery, indefinite quantity contract has a potential value of $215.5 million. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Electric Boat will provide technical management, administrative and technical services, tools, equipment and facilities and required support to accomplish installation, repair and maintenance of weapons, hull, mechanical and electrical equipment.
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Electric Boat has performed SUBSAFE work for the Navy for more than four decades and is a proven provider of intermediate-level maintenance and modernization activities.
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Source : General Dynamics Corporation (NYSE: GD)