EB Gets $1.1B Modification to Sub Contract

January 31, 2006

Electric Boat Corp., Groton, Conn., is being awarded a $1,108,787,793 modification to previously awarded multiyear contract (N00024-03-C-2101) providing full funding for fiscal year 2006 Virginia Class Submarine (SSN 781). Additionally, the modification provides Advance Procurement funding in the amount of $167,713,000 for fiscal 2007 submarine (SSN 782) and Economic Order Quantity (EOQ) funding in the amount of $40,076,600 for each of the fiscal 2007 and fiscal 2008 submarines (SSN 782 & 783). Electric Boat Corp. will continue to subcontract with Newport News Shipbuilding and Dry Dock Co., Newport News, Va. The majority of work under this award will be performed in Newport News, Va. (30 percent), Quonset Point, R.I. (15 percent), Groton, Conn. (15 percent), with other efforts performed at various sites throughout the United States (40 percent). Work is expected to be completed by April 2014. 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.

EB Gets $1.1B Modification to Sub Contract

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