General Dynamics Corp., the second-
largest shipbuilder for the U.S. Navy, said it got orders worth
$299 million for design, engineering and logistics work on attack
and ballistic-missile submarines.
Most of the money, $293 million, is a modification of a five-
year contract initially awarded by the Navy on March 3, Falls
Church, Virginia-based General Dynamics said in a statement. If
all options are exercised, the contract could be worth more than
$1.1 billion, the company said.
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“The contract is to provide upgrades for the operational
submarine fleet and support for submarine maintenance,” said
Neil Ruenzel, a spokesman for General Dynamics Electric Boat, the
unit that will do the work.
Groton-based Electric Boat expects to complete
the job by September 2008. The company said 84 percent of the
work will be done in Groton, with the rest by facilities in
Georgia, Rhode Island and Washington state.
General Dynamics also received an order worth $5.9 million
related to the conversion of two Ohio-class Trident ballistic-
missile submarines into guided-missile submarines for use in
special operations. Electric Boat is converting four of the
vessels under a contract worth as much as $1 billion.
Northrop Grumman Corp. is the world’s largest builder of
warships.
Bloomberg News
