GROTON, Conn., Oct. 12 (UPI) -- General Dynamics Electric Boat has won a new sub modernization contract from the U.S. Navy.
"The U.S. Navy has awarded General Dynamics Electric Boat two contract modifications worth a total of $53.5 million for nuclear submarine modernization and planning yard services and support," General Dynamics said in a statement Thursday. "Electric Boat is a wholly owned subsidiary of General Dynamics," it said.
"Under a $37.3 million modification, Electric Boat will continue operating the New England Maintenance Manpower Initiative -- NEMMI -- at the Naval Submarine Base in Groton. Specifically, Electric Boat will provide a wide range of overhaul, repair and modernization services in support of nuclear submarines, floating dry-docks, support and service craft and other platforms and equipment at the submarine base. About 270 Electric Boat employees are involved in the work," the company said.
"Additionally, Electric Boat will provide reactor-plant planning yard services for nuclear submarines and support yard services for moored training ships under a separate $16.2 million contract modification," the statement said.
General Dynamics is based in Falls Church, Va., and has a staff of around 82,900. It projects 2007 revenues of more than $27 billion. General Dynamics describes itself as "a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies."
