General Dynamics Awarded $25 Million for Submarine and Carrier Work
Groton, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat two contracts worth $25.2 million to perform nuclear submarine and carrier maintenance and modernization work in Groton, Conn., and Bremerton, Wash. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Under the terms of the first contract, worth $15.4 million, Electric Boat will perform the planning, engineering and design, prefabrication and shipyard tasks required to complete a dry-docking continuous maintenance availability for the Los Angeles attack submarine USS Annapolis. The work will take place at Electric Boat’s Groton shipyard and, at its peak, will engage about 150 employees. It is scheduled for completion by December, 2012.
GD Wins $17m to Support Nuclear Aircraft Carrier Repair Work
The U.S. Navy has awarded General Dynamics Electric Boat a $16.6 million contract to support nuclear aircraft carrier repair work at Norfolk Naval Shipyard in Portsmouth, Va. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).U nder the terms of the contract, Electric Boat will provide about 100 skilled trades workers to perform maintenance and repair work on USS Truman (CVN-75) and USS George W. Bush (CVN-77). This contract will engage Electric Boat’s operations and support organization in Groton, which comprises more than 4,100 employees with proven skills and capabilities in final assembly, test and life-cycle support.
Electric Boat Wins Navy Order
Electric Boat Corp., Groton, Conn., is being awarded a $16,620,037 cost-plus-fixed fee order under previously awarded basic ordering agreement (N00024-10-G-4314) to support nuclear carrier repair work at Norfolk Naval Shipyard during on-going availabilities. This contract is for skilled tradesmen support to two chief of naval operations carrier maintenance availabilities. Scheduled to undergo repairs include USS Harry S. Truman (CVN 75) and USS George H.W. Bush (CVN 77). Work will be performed in Norfolk, Va., and is scheduled to be completed by July 2012. Contract funds in the amount of $16,620,037 will expire at the end of the current fiscal year. The Supervisor of Shipbuilding, Conversion and Repair, Groton, Conn., is the contracting activity.
USMR Will Acquire PACSHIP
United States Marine Repair Inc. (USMR), one of the U.S.' largest non-nuclear ship repair, modernization and conversion companies, has agreed to acquire Pacific Ship Repair and Fabrication (PACSHIP) with headquarters in San Diego, Calif. and additional facilities in the Puget Sound, Wash. area. The acquisition of PACSHIP, with annual revenues between $25 million and $35 million, gives USMR a 65 percent share of all the non-nuclear aircraft carrier repair work in San Diego. Additionally, the acquisition will position USMR with people and facilities to assist the Navy in performing non-nuclear work in the Navy's homeport in Puget Sound.
