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General Dynamics Wins $191M Navy Award for Missile Design

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has won a $191.3 million contract modification with the U.S. Navy for continued common missile compartment concept studies, design and engineering.

The modification is to an award from December 2008 and brings the total contact value to more than $708 million if all options are exercised.

Electric Boat will perform design services of a common missile compartment for Britain’s Successor ballistic-missile submarine and the U.S. Ohio replacement submarine.

The company reported that 3, 000 of the subsidiary’s employees will perform this work.

The original contract win was to provide similar services to the British navy and U.S. Navy for a common missile compartment for the next-generation ballistic missile submarines.

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