General Dynamics Awarded $20m for Submarine Support Work

Monday, November 27, 2006
The U.S. Navy has awarded General Dynamics Electric Boat a $20.1 million contract modification for nuclear-submarine and shore-support facility work. Electric Boat is a wholly owned subsidiary of General Dynamics. Electric Boat will provide management, design and installation services for shore-support facilities consolidations and operational nuclear-submarine retrofits. Work is expected to be completed by November 2009. 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.
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Contracts

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

President Pryor Retires from ExxonMobil Chemicals

Stephen D. Pryor, president, ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on January 1, 2015, after more than 44 years of service.

Asia Tanker, VLCC Rates Could Climb

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Offshore

7 Rescued from Sinking Freighter Near Haiti

Seven crewmembers were rescued after their 100-foot coastal freighter began taking on water and sank approximately 45 miles north off of Cap Haitien, Haiti, Friday.

Time-out for Kwanza Drilling

Statoil has decided to cancel the Stena Carron rig contract after fulfilling the work commitments in the Statoil-operated blocks 38 and 39 in the Kwanza basin offshore Angola.

China Building Island Big Enough for Airstrip

Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea,

 
 
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