Electric Boat

General Dynamics Subsidiary Lands $126M Navy Submarine Overhaul Contract

General Dynamics (NYSE: GD) subsidiary has secured a $125.8M contract to help the U.S. Navy prepare for an engineered overhaul of the Los Angeles-class submarine USS Hartford.

Groton, Conn.-based Electric Boat will perform advance planning, design, engineering, prefabrication and shipyard execution services necessary to complete modernization and maintenance work on the underwater vessel, the Department of Defense said Friday.

Naval Sea Systems Command used solicitation procedures other than full and open competition for the project "to maintain a facility, producer, manufacturer or other supplier available for furnishing property or services in case of national emergency or to achieve industrial mobilization," according to the DoD's contract award announcement.

The branch will obligate $113.8M at the time of award and expects contract work to conclude by February 2022.

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