General Dynamics Awarded $7 Million for Development of Advanced Submarine Technologies — Press Release

by: Matthew Potter
December 9, 2010

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General Dynamics Awarded $7 Million for Development of Advanced Submarine Technologies

GROTON, Conn., Dec. 9, 2010 /PRNewswire-FirstCall/ — General Dynamics Electric Boat has been awarded a $7.4 million contract modification by the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under this award Electric Boat will perform advanced submarine research and development studies in support of a wide range of technology areas including manufacturing, maintenance, survivability, hydrodynamics, acoustics and materials. Electric Boat also will conduct research and development work in areas such as manning, hull integrity, performance, ship control, logistics, weapons handling and safety. The contract also supports near-term Virginia-class technology insertion, identification of Ohio-class replacement technology options, future submarine concepts and core technologies.

If all options are exercised and funded, the contract has a potential value of $711.4 million over a total of five years.

This work will help support the more 3,000 design and engineering personnel employed at Electric Boat. Possessing proven technical capabilities, these employees are engaged in all facets of the submarine lifecycle from concept formulation and design through construction, maintenance and modernization.

More information about General Dynamics is available on the Internet at www.generaldynamics.com.

SOURCE General Dynamics Electric Boat

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