U.S. Navy contracts General Dynamics for Virginia-class submarine work

GROTON, Conn., 12 June 2006. The U.S. Navy has awarded General Dynamics Electric Boat a $30.7 million contract to provide continued research and development studies related to Virginia-class nuclear-powered attack submarines.

GROTON, Conn., 12 June 2006. The U.S. Navy has awarded General Dynamics Electric Boat a $30.7 million contract to provide continued research and development studies related to Virginia-class nuclear-powered attack submarines.

Under this contract, Electric Boat, a wholly owned subsidiary of General Dynamics, will evaluate new technologies for Virginia-class ships. Ninety-four percent of the work will be done at Groton; five percent at Quonset Point, R.I.; and one percent in Newport, R.I.

This contract modifies an October 2005 award and brings the total contract value to $154 million. Work is expected to be completed by September 2007.

Electric Boat delivered the first submarine of the class, USS Virginia (SSN-774), to the Navy in October 2004. With its construction partner Northrop Grumman, the company has contracts to build another nine Virginia-class ships. The third ship of the class, Hawaii (SSN-776), will be christened at Electric Boat on June 17, 2006.

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