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EB Groton gets $$$ contract modification

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EB Groton gets $$$ contract modification

Postby U-5075 » Mon Nov 27, 2006 9:48 pm

General Dynamics gets pact modification

Defense contractor General Dynamics Corp. said Monday that its Electric Boat Corp. subsidiary received a $20.1 million contract modification from the Navy for nuclear-submarine and shore-support facility work.

The pact may be worth more than $1.1 billion over five years if all options are exercised and funded.

Electric Boat will provide management, design and installation services for shore-support facilities consolidations and operational nuclear-submarine retrofits.

The work is expected to be completed by November 2009.

Shares of General Dynamics fell 75 cents to $72.90 in afternoon trading on the New York Stock Exchange.
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