Navy Awards Electric Boat $16.3M Contract

Thursday, February 20, 2003
The U.S. Navy has awarded General Dynamics Electric Boat a $16.3 million contract for planning and material procurement in support of the USS Springfield (SSN-761) depot modernization period (DMP). Under the terms of the contract, Electric Boat will perform advance planning, design, documentation, engineering, procurement, fabrication and preliminary shipyard work in preparation for the DMP, which is scheduled from May 2004 to June 2005. A DMP comprises repairs, alterations, maintenance and routine work onboard the submarine. If all options are exercised and funded, the planning contract would be worth $26.3 million.

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