GD Gets $39.5M Mod Contract from Navy

The U.S. Navy has granted General Dynamics Electric Boat a $39.5-million contract modification for submarine research and development.

The award modifies a contract that was announced originally in March 2000, which if all options are exercised and funded, has a total potential worth of $138 million over six years. According to the terms of the modification, Electric Boat will perform the research and development work on Seawolf and Virginia-class submarines. The work is scheduled for a September 2005 completion.