Tuesday, 28 February 2012

US - General Dynamics Granted $8 Mln By U.S. Navy For Virginia-class Submarine Work

General Dynamics Electric Boat, a wholly owned subsidiary of General Dynamics (GD), said that it has been awarded an $8.3 million contract modification by the U.S. Navy to procure components for Virginia-class nuclear-powered attack submarines.

Under the contract modification, Electric Boat will procure material for the construction of Advanced Integrated Low Pressure Electrolyzers used on Virginia-class submarines.

The lead-yard services contract being modified has a potential cumulative value of $881 million through 2014 if all options are exercised and funded.

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