General Dynamics Subsidiary Wins $152M for Navy Lead Yard Services

general dynamics logoA General Dynamics (NYSE: GD) subsidiary has won a $152.4 million contract modification to perform lead-yard work on nuclear-powered submarines for the U.S. Navy.

General Dynamics Electric Boat will help the Navy maintain and update architectural drawings and technology insertions for each Virginia-class attack submarine during its construction and post-shakedown availability, General Dynamics said Wednesday.

The modification exercises an option of a previous award and brings the cumulative value of the contract to $921.4 million through 2014.

A team of more than 4, 000 engineering and design workers at Electric Boat will perform the contract work.

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