General Dynamics contracted to modernize U.S. Navy submarines

GROTON, Conn., 2 May 2006. The U.S. Navy has awarded Electric Boat, a subsidary of General Dynamics, a $10,991,000 modification to an existing contract for submarine modernization and related work at the Naval Submarine Base in Groton. The contract, awarded originally in October of 2001, could reach an esitmated worth of $142 million over five years if all options are exercised and funded.

Electric Boat will perform non-nuclear submarine modernization and repair services at the Naval Submarine Support Facility at the base. Among these services are intermediate overhaul, repair, and modernization activities in support of submarines and the Shippingport floating dry dock, in addition to support and service craft. Roughly 240 Electric Boat employees are engaged in the work.