The U.S. Navy awarded
General Dynamics Electric Boat a $26.9 million contract modification for
nuclear-submarine work.
Under the terms of the contract modification, Electric Boat will provide
design agent, planning yard, engineering and technical support for U.S.
nuclear submarines, as well as the UK Trident submarine program.
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Electric
Boat will also provide material to support the installation of design changes
for submarine hulls; mechanical and electrical systems; command and control
systems; and subsystems.
Initially awarded March 3, the contract could be
worth more than $1.1 billion over five years if all options are exercised and
funded.
Sixty-five percent of the work will be performed at Groton; 25 percent at
Quonset Point, R.I.; 6 percent at Newport, R.I.; 3 percent at Kings Bay, Ga.;
and 1 percent at Bangor, Wash. Work performed under this modification is
expected to be completed by Aug. 2007.
General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 69,400 people worldwide and anticipates 2004 revenue of $19
billion. The company focuses on mission-critical information
systems and technologies; land and expeditionary combat systems, armaments and
munitions; shipbuilding and marine systems; and business aviation.
