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Wednesday, February 17, 2010

Navy directs $118M to General Dynamics submarines

General Dynamics Corp.’s Electric Boat unit has landed $118 million from the U.S. Navy for engineering services on ballistic nuclear missile-equipped submarines, according to the U.S. Department of Defense.

Under the deal, an option on a previously won contract, Electric Boat will design a missile compartment on submarines equipped with nuclear missiles. Electric Boat will design the compartments for the replacement to U.S. Navy Ohio-class submarines and a new submarine for the U.K. Royal Navy.

Work on the contract, expected to be completed by December 2012, will be performed in Groton, Conn.; Newport, R.I.; Quonset, R.I.; and Newport News, Va.

Last October, Electric Boat took in more than $380 million in contracts for work on submarines. Under one deal, it received $320.1 million from the U.S. Navy for engineering work on nuclear submarines . The company also landed $43.7 million in a modification to a previously awarded contract for maintenance and repair support at the Naval Submarine Support Facility at the Naval Submarine Base in New London, Conn. Under a third deal, the company landed an $18.2 million modification to a previously won contract for reactor plant planning yard services for nuclear-powered submarines and support yard services for the Navy’s moored training ships.

Electric Boat is a unit of General Dynamics Corp., which is headquartered in Falls Church, Va., and employs about 92,000 people.(source masshightech)