General Dynamics Corp. (GD: Quote) said Thursday that its wholly owned subsidiary General Dynamics Electric Boat has been awarded a $11 million contract modification from the U.S. Navy to support research and development of advanced submarine technologies for current and future undersea platforms.
As per the modifications, Electric Boat will perform an advanced submarine research and development studies in support of a wide range of technology areas including manufacturability, maintainability, survivability, hydrodynamics, acoustics and materials.
The company will conduct research and development work in additional areas including hull integrity, performance, ship control, logistics, weapons handling and safety.
The program also supports near term insertion of Virginia-class technology, identification of Ohio-class replacement technology options, future submarine concepts and core technologies.
The contract, which was awarded in November 2010, has a potential value of $711 million over five years if all options are exercised and funded.
Click here to receive FREE breaking news email alerts for General Dynamics Corp. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.com
Business News