U.S. Navy Awards GD $10M Contract

Friday, September 26, 2003
The U.S. Navy has awarded General Dynamics Electric Boat a $10 million contract modification to continue planning and material procurement in support of the USS Springfield (SSN-761) depot modernization period (DMP). Electric Boat is a wholly owned subsidiary of General Dynamics. The award modifies a $16.3 million contract announced in February 2003. Under the terms of the contract, Electric Boat is performing 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. The total value of the maintenance-planning contract is $26.3 million.
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