Tuesday, November 11, 2008

Electric Boat to add $6.2M of Naval sub work

By Mass High Tech Staff

General Dynamics Corp.’s Electric Boat subsidiary has landed $6.2 million from the U.S. Navy for work on nuclear submarines, according to the U.S. Department of Defense.

The deal is a modification to a previously won contract. Under the deal, Electric Boat will maintain and modernize facilities and equipment on operation nuclear submarines for the Nuclear Regional Maintenance Department. The Groton, Conn.-based company will also perform off-hull support of submarine maintenance.

Electric Boat will provide supervisory personnel, program management, engineering and planning, training, inspection and nuclear services. The company will also provide planning, scheduling, coordination, integration, training and certification of nuclear work tasks on the submarines.

Work will be performed in New London, Conn., and is expected to be completed by September 2009, according to the Department of Defense.

In October, Electric Boat landed $268 million from the U.S. Navy for design services for nuclear-powered attack submarines. Under the contract modification, Electric Boat will maintain and update design drawings and data for all Virginia-class submarines, including technology insertions. In addition, Electric Boat will perform Virginia-class development and design studies.

In September, Bath Iron Works Corp., another ship-building division of General Dynamics (NYSE: GD) based in Bath, Maine, won a $7.4 million contract modification for technical assistance for the DDG-51 class of Aegis destroyers.

General Dynamics reported a 2007 net income of $2.07 billion on revenue of $27.2 billion.