GROTON, Conn., Oct. 17 /PRNewswire-FirstCall/ -- The U.S. Navy has awarded
General Dynamics Electric Boat a $162.4 million contract modification to
convert the USS Georgia (SSBN-729) from a Trident ballistic-missile submarine
to a Trident SSGN, a multimission submarine optimized for tactical strike and
special-operations support. Electric Boat is a wholly owned subsidiary of
General Dynamics (NYSE: GD).
This award modifies a five-year, $443 million contract announced in
September 2002 for design and related support work to convert the first four
Trident ballistic-missile submarines to an SSGN configuration. If all options
are exercised and funded, the contract will be worth a total of $1.4 billion.
Under the terms of the modification, Electric Boat will convert USS
Georgia at Norfolk Naval Shipyard in Virginia, concurrent with the ship's
Engineered Refueling Overhaul. Seventy-seven percent of the conversion work
will be performed at Norfolk; 16 percent at Quonset Point, R.I.; and 7 percent
at Groton. The conversion is expected to be completed by September 2007.
General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 70,800 people worldwide and had 2004 revenue of $19.2 billion.
The company is a market leader in mission-critical information systems and
technologies; land and expeditionary combat systems, armaments and munitions;
shipbuilding and marine systems; and business aviation. More information
about the company can be found at http://www.generaldynamics.com.
SOURCE General Dynamics Electric Boat
 back to top
Related links:
http://www.gdeb.com
http://www.generaldynamics.com
CONTACT:
Neil Ruenzel of General Dynamics Electric
Boat, +1-860-433-8556, Cell: +1-860-884-3344, Fax:
+1-860-433-8054, or nruenzel@ebmail.gdeb.com
|
