General Dynamics to Help Manage Navy’s Nuclear Regional Maintenance Department Under Potential $210M Contract

General Dynamics (NYSE: GD) subsidiary has received a potential $210.4 million contract to help the U.S. Navy manage a nuclear regional maintenance department at the Naval Submarine Base New London in Connecticut.

General Dynamics Electric Boat will provide staff and operation services to support requirements on nuclear-powered submarines stationed at the military base, the Defense Department said Friday.

The contract has a $38.4 million base value and will reach its full value if all options are exercised.

The Naval Sea Systems Command will obligate $28.2 million in fiscal 2018 operations and maintenance funds at the time of award.

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