Electric Boat gets Navy awards worth $149.4 million

Virginia Class sibmarine Virginia Class sibmarine

NOVEMBER 25, 2015 —General Dynamics Electric Boat, Groton, CT,  has received modifications worth a total of $149.4 million to two Navy contracts.

The larger award, worth $102,876,417, is for additional lead yard services and development studies and design efforts related to Virginia-class submarines. The services will maintain, update, and support the Virginia-class design and related drawings and data for each Virginia-class submarine, including technology insertion, throughout its construction and post shakedown availability period.  
Electric Boat will also provide all engineering and related lead yard services necessary for direct maintenance and support of Virginia-class ship specifications.  

In addition, the contract provides development studies and design efforts related to the Virginia-class submarine design and design improvements, preliminary and detail component and system design, integration of system engineering, design engineering, test engineering, logistics engineering, and production engineering. The contractor will continue development studies and design efforts related to components and systems to accomplish research and development tasks and prototypes and engineering development models required to fully evaluate new technologies to be inserted in succeeding Virginia-class submarines.

A $46,587,911 contract modification exercises Option Year 3 of Electric Boat's contract to provide non-nuclear submarine repair work on Groton-based submarines under the New England Manpower Initiative (NEMMI).  

Under the terms of the contract, Electric Boat will provide NEMMI tasks in support of non-nuclear maintenance, modernization, and repair of operational nuclear powered submarines, floating dry docks, support and service craft, and plant equipment assigned to the Naval Submarine Support Facility, New London, CT. 

Want more? Subscribe now!

News from NASDAQ