General Dynamics $37M for USS Hartford Repair
The U.S. Navy has awarded General Dynamics Electric Boat a $36.6m contract modification for repair work on USS Hartford (SSN-768), a Los Angeles-class submarine damaged in a collision in March 2009. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE:GD).
Under the modification, Electric Boat will continue work on the complete restoration of USS Hartford, including fabrication and installation of a hull patch, bridge-access trunk, port retractable bow plane and the sail. In addition, Electric Boat will perform selected maintenance work on the submarine. If all options are exercised and funded, the total value of the contract will be $86.9m.