- General Dynamics Electric Boat, a unit of General Dynamics ( NYSE: GD ), on Thursday said it had been awarded a U.S. Navy contract modification valued at $532.9M for services related to Virginia-class attack submarines.
- General Dynamics Electric Boat designs, builds, repairs and upgrades nuclear submarines for the U.S. Navy.
- Work under the contract modification will be performed in Groton, Conn., and Newport News, Va., the company said in a statement .
- General Dynamics Electric Boat said it would provide lead-year support, development studies and design efforts.
- The project is expected to be completed by Oct. next year.
- General Dynamics ( GD ) stock -1% to $223.25 in afternoon trading.
For further details see:
General Dynamics unit awarded $533M contract for Virginia-class submarine support