Author: Nichols Martin|| Date Published: February 20, 2018
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 Departmentsaid 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.
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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.
