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General Dynamics Awarded Contract Modification

Maritime Activity Reports, Inc.

March 14, 2002

The U.S. Navy has awarded a $7 million modification to a previously awarded contract under which Electric Boat will manage and support nuclear-maintenance work for submarines homeported at Submarine base New London, Conn. Electric Boat is a wholly owned subsidiary of General Dynamics. Under the terms of the contract modification, Electric Boat will continue to operate the Nuclear Regional Maintenance Department (NRMD) at the submarine base through September 30, 2002. The company will provide project management, planning, training, and radiological-control services to support maintenance, modernization and repairs in support of operational submarines. A core group of 20 Electric Boat employees are assigned to the NRMD, with surge groups of up to 60 shipyard employees for short periods.

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