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Electric Boat Awarded $1.2b Submarine Contract

Maritime Activity Reports, Inc.

December 29, 2006

Electric Boat Corp., Groton, Conn., is being awarded a $1.2b modification to previously awarded multi-year contract (N00024-03-C-2101) for Fiscal Year 2007 Virginia Class Submarine (SSN 782) and Advance Procurement (AP) funding for the FY08 submarine (SSN 783). Work will be performed in Groton, Conn. (30 percent), Quonset Point, R.I. (15 percent) and Newport News, Va. (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.

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