General Dynamics Electric Boat Lands Potential $138M Navy Submarine R&D Support Contract

General Dynamics‘ (NYSE: GD) Electric Boat subsidiary has secured a potential $137.9 million contract to support a U.S. Navy research and development program aimed at formulating submarine concepts.

Electric Boat will provide engineering and technical design services to the Navy and a foreign military sales customer under the cost-plus-fixed-fee contract, the Defense Department said Thursday.

The contract has an initial value of $25.5 million and the base period of performance will run through October.

The Navy will obligate $100,000 at the time of award from its fiscal 2018 research, development, test and engineering funds.

Check Also

Vigor

Vigor Industrial Subsidiary to Modernize Navy Destroyer Ship Under Potential $156M Contract

Vigor Industrial's marine subsidiary has secured a potential $155.6M firm-fixed-price contract to help the U.S. Navy modernize and maintain the USS McCampbell guided missile destroyer. The company will update the ship's mechanical and electrical systems, hull and communications, digital video surveillance and warfighting equipment as part of a depot maintenance availability, the Department of Defense said Monday.

Parsons

Parsons Gets $178M Intell Community Security Analysis IDIQ; Robert Miller Quoted

Parsons (NYSE: PSN) has secured a potential five-year, $178M contract to help the U.S. intelligence community analyze measures for securing physical and technical assets.