Electric Boat Corporation Gets Navy Contract

Thursday, February 14, 2002
Electric Boat Corporation, a General Dynamics Company, Groton, Conn., is being awarded a $7,696,000 cost-plus-fixed-fee modification to previously awarded contract to exercise an option for On Board Repair Parts (OBRPs). Work will be performed in Groton, Conn. and Newport News, Va., and is to be completed by June 2004. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington, D.C., is the contracting activity.

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

 
 
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