GROTON, Conn., Oct. 1, 2020 /PRNewswire/ -- General
Dynamics Electric Boat, a business unit of General Dynamics
(NYSE:GD), was awarded two U.S. Navy contracts this week with a
total value of $251 million.
The first contract is a $215.7
million modification to a previously awarded contract, the
cumulative value of which, if all options are exercised, could be
more than $1 billion. Electric
Boat will provide planning yard, design agent, engineering services
and technical support for in-service submarines and submersible
systems. The second contract is a $35.3 million cost-plus-fixed-fee contract for
Reactor Plant Planning Yard services for the submarine fleet and
Support Yard services for the Navy's Moored Training
Ships.
"The shipbuilders of Electric Boat are proud to be a partner to
the U.S. Navy, and continue to execute our mission to provide our
sailors with the advantage that helps protect our Navy and our
nation," said Kevin Graney,
president of General Dynamics Electric Boat. "We continue to
work to hire, train and develop future generations of shipbuilders
as we continue to deliver the Virginia class of fast attack submarines and
move toward full-scale construction of the Columbia class of ballistic missile
submarines."
General Dynamics, headquartered in Reston, Virginia, is a global aerospace and
defense company that offers a broad portfolio of products and
services in business aviation; combat vehicles, weapons systems and
munitions; IT services; C4ISR solutions; and shipbuilding and ship
repair. General Dynamics employs more than 100,000 people worldwide
and generated $39.4 billion in
revenue in 2019. More information about Electric Boat is available
at www.gdeb.com. More information about General Dynamics is
available at www.gd.com.
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SOURCE Electric Boat