General Dynamics Awarded $234 Mln Nuclear-Submarine Contract By U.S. Navy

(RTTNews) - General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics (GD), said that it has been awarded a $234 million contract by the U.S. Navy to provide planning yard work, engineering and technical support for nuclear submarines.

The contract has a total potential value of $1.5 billion over five years if all options are exercised.

As per the terms of this award, Electric Boat will provide design, engineering, material and logistics support, and research and development activities for active U.S. submarines and submersibles. Electric Boat also will provide information services, planning, scheduling and technical support for submarine maintenance and modernization activities, training and facility support, and affordability and cost reduction support.

This work will engage Electric Boat's engineering and design organization, which comprises more than 4,000 employees. Possessing proven technical capabilities, these employees work on all facets of the submarine life cycle from concept formulation and design through construction, maintenance and modernization, and eventually to inactivation and disposal.