US Navy Awards GD $227 M for Continued Work on Submarine Modernization Program


FAIRFAX, Va. , Jan. 16, 2014 /PRNewswire/ -- General Dynamics Advanced Information Systems , a business unit of General Dynamics (NYSE: GD ), was recently awarded two contracts valued at approximately $226.7 million by the U.S. Navy's Strategic Systems Programs (SSP) office for continuing efforts to modernize and repair the training and support equipment for the U.S. and United Kingdom ballistic missile submarine (SSBN) and SSGN fleets. This work helps the Navy address obsolescence, reduce overall submarine lifecycle costs and enhance operational capabilities.

"These contracts are a testament to our 50-year legacy of delivering high-quality mission-critical solutions to the U.S. Navy," said Mike Eagan , vice president and general manager of Critical Mission Systems for General Dynamics Advanced Information Systems. "By capitalizing on our in-depth experience, existing resources and open architecture framework, we are helping the Navy reduce risk for future payloads and maximize commonality between the SSBN, SSGN and SSBN-R weapons control systems."

Since 2008 , work on the repair contract has been carried out in Pittsfield, Mass. , where the Navy's SSP office and General Dynamics have an electronics repair facility. With the ability to diagnose, repair and recertify electronic equipment for critical and strategic systems, the state-of-the-art facility allows the Navy to realize cost savings by significantly reducing the amount of time it takes to repair equipment and return it to the fleet.

Source: General Dynamics Corporation (NYSE: GD)
Date: Jan 16, 2014