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Navy Awards General Dynamics $10M For Sub Maintenance and Modernization Work

by: Jeffrey Bradford
April 14, 2010

Category: General Dynamics, Syndicated Industry News | RSS 2.0

Navy Awards General Dynamics $10M For Sub Maintenance and Modernization Work
April 14, 2010 11:02 AM

GROTON, Conn., --GROTON, Conn. --The U.S. Navy has awarded General Dynamics Electric Boat a $10.2 million contract modification to perform maintenance and modernization work on the USS Miami (SSN-755), a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the terms of the contract, Electric Boat will perform a Docking Continuous Maintenance Availability, which consists of repairs, maintenance work, alterations and testing. The work will take place at Electric Boat's Groton shipyardand involve more than 200 employees at its peak. Scheduled for completion by August 2010, the contract will be worth $12.2 million if all options are exercised and funded.

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