Electric Boat awarded $59.2 million contract modification

The US Navy has awarded General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics a $59.2 million contract modification for Virginia-class submarine yard services.

The US Navy has awarded General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics a $59.2 million contract modification for Virginia-class submarine lead-yard services.

The award modifies a $75 million contract initially announced in September 2000. If all options are exercised, the five-year contract will be worth approximately $500 million.

Under the terms of the contract, Electric Boat will maintain, update and support the Virginia-class design and related drawings and data for each submarine, including technology insertion, throughout its construction and post-delivery maintenance period.

Electric Boat will also provide all engineering and related services for maintenance and support of Virginia-class ship specifications. The work is expected to be completed by April 2004.

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