Banner Ad 1

EB, SUB MODERNIZATION CONTRACT

This is the place to read all about submarines in the real world!

EB, SUB MODERNIZATION CONTRACT

Postby U-5075 » Tue Oct 31, 2006 10:42 am

General Dynamics Awarded $59M Contract for Submarine Work
(2006-10-30)
By: General Dynamics Corporation

GROTON, Conn. - The U.S. Navy has awarded General Dynamics Electric Boat a $58.7 million contract modification for nuclear-submarine modernization and maintenance work. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the terms of the contract modification, Electric Boat will provide drawings and related data; planning; scheduling; and technical support required to complete engineered overhauls and extended refit periods for operational submarines. Initially awarded in March 2004, the contract could be worth more than $1.1 billion over five years if all options are exercised and funded.

Fifty-nine percent of the work will be performed at Groton; 19 percent at Bangor, Wash.; 16 percent at Kings Bay, Ga.; five percent at Newport, R.I., and one percent at Quonset Point, R.I. Work performed under this modification is expected to be completed by September 2007.
U-5075
Registered User
 
Posts: 1134
Joined: Tue Feb 25, 2003 9:45 am

Return to Subs in the News

Who is online

Users browsing this forum: No registered users

cron