General Dynamics Submarine Support Contract
The U.S. Navy awarded General Dynamics Electric Boat a $31m contract to plan and perform maintenance and modernization work on U.S. Trident-Class and U.K. Vanguard-Class submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:GD).
Under the contract from the Navy's Strategic Systems Program, Electric Boat will perform shipboard integration of the fire control system; provide support to the TRIDENT I and TRIDENT II submarine-launched ballistic missile programs; and provide strategic weapon systems technical engineering support. This is follow-on work from a 2008 contract that has now been extended to May 2012.