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Saturday, September 13, 2014

U.S. Navy Awards General Dynamics $234 Million for Nuclear-Submarine Support Work

USS Toledo (Los Angeles class SSN)The U.S. Navy has awarded a $234 million contract to General Dynamics Electric Boat 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. Electric Boat is a wholly owned subsidiary of General Dynamics.

Under 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.

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