U.S. Navy Awards General Dynamics $35 Million For USS Providence Maintenance and Modernization

The U.S. Navy has awarded Electric Boat a $34.9 million contract to perform routine maintenance and modernization work on the USS Providence (SSN-719), a Los Angeles-class attack submarine. Electric Boat is a business unit 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 Electric Boat shipyard in Groton and involve up to 300 employees at its peak. The work is expected to be completed by September 2009.