General Dynamics Awarded $16 Million To Repair Damaged Navy Sub
May 22, 2009 (FinancialWire) — The U.S. Navy has awarded General Dynamics’ (NYSE: GD) Electric Boat unit a $15.8 million contract to plan and perform repair work on USS Hartford, a Los Angeles-class attack submarine damaged on March 20 in a collision with the Navy amphibious ship, USS New Orleans, in the Strait of Hormuz.
Under the terms of the contract, Electric Boat will perform planning work, material procurement and fabrication of a hull patch and a bridge access trunk, as well as planning and material procurement for the port retractable bow plane.
Electric Boat also will perform planning work on the submarine’s sail to restore USS Hartford to full-service condition.
Falls Church, Virginia-based General Dynamics employs around 92,900 people worldwide, and offers business aviation systems, land and expeditionary combat systems, armaments and munitions, shipbuilding and marine systems and information systems and technologies.
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