Nuclear Aircraft Carrier Repair Work News

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.

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.