U.S. Navy Awards General Dynamics $6 Million for Nuclear Submarine Services

GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $6.3 million modification to a previously awarded contract for management and support of nuclear-maintenance work for submarines homeported at the Naval Submarine Base New London in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the terms of the contract modification, Electric Boat will continue to operate the Nuclear Regional Maintenance Department (NRMD) at the submarine base through Sept. 30, 2009. The company will provide project management, planning, training and radiological-control services to support maintenance, modernization and repairs. A core group of about 25 Electric Boat employees are assigned to the NRMD, with surge groups of up to 100 shipyard employees assigned for short periods.

The contract was initially awarded in December 2005 and has a potential value of $100.5 million over four years.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 92,300 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.