General Dynamics Electric Boat Receives Two Existing Contract Extensions for Submarine Work
Windsor, Alberta 10/15/2009 05:10 PM GMT (TransWorldNews)
General Dynamics (NYSE: GD) Electric Boat has received two existing contract extensions for submarine modernization and maintenance and reactor plant planning yard work from the U.S. Navy. The contract extensions are valued at $61.8 million. The $43.7 million modification, will have Electric Boat continue to perform non-nuclear submarine modernization and repair services at the Naval Submarine Support Facility in Groton. Electric Boat will also provide reactor plant planning yard services for nuclear submarines and support yard services for moored training ships under a separate $18.1 million contract modification.
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About General Dynamics
General Dynamics, headquartered in Falls Church, Virginia, employs approximately 92,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.
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