12:00 AM, October 3, 2012
General Dynamics Electric Boat has been awarded a $100.4 million contract from the U.S. Navy to provide lead-yard services for the Virginia-class nuclear-powered attack submarines. Under the contract, Electric Boat will develop, maintain and update design drawings and data, including technology insertions, for each Virginia-class submarine throughout its construction and post-shakedown availability periods. The potential cumulative value of the contract is $881 million through and expected to be completed by 2014.
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