General Dynamics Wins $22 Million Navy Contract
July 10, 2009 (FinancialWire) — General Dynamics’ (NYSE: GD) Electric Boat unit has been awarded a $21.6 million contract modification by the U.S. Navy to perform material procurement and repair work on USS Hartford, a Los Angeles-class attack submarine damaged in a collision March 20.
Under the modification, Electric Boat will perform off-hull fabrication of the port retractable bow plane as well as material procurement and off-hull fabrication of the sail to restore USS Hartford to full-service condition. Work is expected to be completed by January 2010.
Falls Church, Virginia-based General Dynamics offers business aviation systems, land and expeditionary combat systems, armaments and munitions, shipbuilding and marine systems and information systems and technologies.
The company employs around 92,900 people worldwide.
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