Electric Boat Wins Sub Work Worth $172 Million
July 07 2010
The U.S. Navy has awarded General Dynamics Electric Boat of Groton, Conn., a major contract for work on Virginia-class submarines, reports the Dept of Defense.
An initial contract, worth $172 million, covers lead yard services, development studies and design efforts related to the subs.
The deal also includes options worth up to $881 million.
Work under the contract, to be primarily performed in Groton, is scheduled to be completed by October 2010.
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