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GD Electric Boat, HII, Oceaneering Win Navy Submarine Safety Support Contracts

A General Dynamics (NYSE: GD) subsidiary, Huntington Ingalls Industries (NYSE: HII) and Oceaneering International (NYSE: OII) have received five-year contracts to support safety and material work aboard the U.S. Navy’s submarines.

The Defense Department said Wednesday the indefinite-delivery/indefinite-quantity contracts cover support for Virginia-class, Seawolf-class, Ohio-class and Los Angeles-class submarines.

The contractors will provide level 1 engineering and submarine safety support such as management and technical services to aid the military branch in installation, repair, maintenance and troubleshooting of main and auxiliary weapons as well as hull, electrical and mechanical equipment.

The awardees and the amount of their respective contracts are listed below:

  • General Dynamics Electric Boat: $1.1B
  • HII: $874.3M
  • Oceaneering International: $827.6M

Work will occur at naval shipyards in Virginia, Washington, Hawaii, New Hampshire and Georgia through December 2023.

The Naval Surface Warfare Center received four bids for the contracts and will obligate $100K in fiscal 2019 operations and maintenance funds to each company at the time of award.

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