General Dynamics Awarded $6 Million For Submarine Maintenance and Repair

GROTON, Conn. – General Dynamics Electric Boat has received a $6 million award under an existing Basic Ordering Agreement from the U.S. Navy to perform maintenance and repair work on nuclear submarines at Norfolk Naval Shipyard in Virginia. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

The work will be performed on USS Scranton (SSN-756) during its Drydocking Selected Restricted Availability; on USS Alaska (SSBN-732) during its Engineered Refueling Overhaul; and on USS Tucson (SSN-770) during its Depot Modernization Period. Completion of the work is scheduled for January 2008.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 82,900 people worldwide and anticipates 2007 revenues of more than $27 billion. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available online at www.generaldynamics.com.