General Dynamics Is Awarded $42 Million for Submarine Maintenance and Modernization Work

GROTON, Conn. – The U.S Navy has awarded General Dynamics Electric Boat a $42.1 million contract to plan and perform routine maintenance and modernization work on USS Springfield (SSN-761), a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the contract, Electric Boat will plan for and perform a Dry-docking Selected Restricted Availability, which consists of engineering, procurement, repairs, maintenance, modernization and testing. The work will take place at Electric Boat’s shipyard in Groton; it is expected to be completed by February 2010.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 92,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

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