Marine Link
Wednesday, September 28, 2016

General Dynamics $286m Contract

November 20, 2008

The U.S. Navy has awarded General Dynamics (GD) Electric Boat a $286m contract for planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:GD). The contract has a total potential value of $1.8b over five years if all options are exercised and funded. Work performed under the initial award is expected to be completed by October 2009.

Under the terms of the contract, Electric Boat will provide design, engineering, material and logistics support, and research and development activities for active U.S. Navy nuclear submarines and submersibles. Electric Boat will also provide information services, planning, scheduling and technical support for submarine maintenance and modernization activities, training and facility support, and affordability/cost reduction support.

General Dynamics, headquartered in Falls Church, Va., employs approximately 91,200 people worldwide.

(www.gd.com)



Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News