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General Dynamics Awarded $42M Contract Modification for Submarine Work

Maritime Activity Reports, Inc.

December 5, 2001

The U.S. Navy has awarded Electric Boat a $42.3 million contract modification for nuclear submarine work. Electric Boat is a wholly owned subsidiary of General Dynamics. The award is a continuation of a contract awarded in May 1999 to provide design, engineering, material and logistics support for the Trident program, the Trident UK program, the two operational Seawolf-class submarines, NR-1, and efforts supporting Los Angeles-class ships. It also supports work at Puget Sound Naval Shipyard in Bangor, Wash., to backfit older Tridents to accommodate D-5 missiles, and D-5 pre-ERP (Extended Refit Periods) work at Kings Bay, Ga.

Eighty-two percent of the work will be performed at Groton; 13 percent at Newport, R.I.; 2 percent at Puget Sound; 2 percent at Kings Bay.; and 1 percent at Quonset Point, R.I. The contract work is expected to be completed by September 2002.

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