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Friday, September 18, 2015

U.S. Navy Awards General Dynamics $322 Million for Nuclear-Submarine Support Work

Seawolf class SSNThe U.S. Navy has awarded a $321.7 million contract option to General Dynamics Electric Boat to provide planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics.

Under this option, 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/cost reduction support.

The contract will be worth approximately $1.5 billion over five years if all options are exercised and funded.

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