Navy Awards General Dynamics $47 Million For Sub Maintenance and Modernization Work
GROTON, Conn. – The U.S. Navy has awarded General Dynamics Electric Boat a $46.7 million contract to perform routine maintenance and modernization work on the USS Alexandria (SSN-757), a Los Angeles-class attack submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).
Under the terms of the contract, Electric Boat will perform a Selected Restricted Availability, which consists of repairs, maintenance work, alterations and several major systems upgrades. The work will take place at the Navy Submarine Base in Groton and involve up to 300 employees at its peak; it is expected to be completed by September 2007.
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