General Dynamics Awarded $59m Contract for Sub Work

Monday, October 30, 2006
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. 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. Source:
Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

Keystone XL Costs to Nearly Double - TransCanada

The total cost of TransCanada Corp's controversial Keystone XL pipeline is likely to nearly double following six years of regulatory delays, a company spokesman said on Friday.

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

Source: Siemens Offering $6.1 bln for Dresser Rand

Germany's Siemens plans to offer more than $6.1 billion, or $80 per share, for U.S. compressor and turbine maker Dresser-Rand, Germany's Manager Magazin said on Friday.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Pipelines Port Authority Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1191 sec (8 req/sec)