GROTON, Conn., Oct. 2 /PRNewswire-FirstCall/ -- The U.S. Navy has awarded General Dynamics Electric Boat a one-year $34.8 million contract with four one-year options to staff and operate the New England Maintenance Manpower Initiative (NEMMI) at the Naval Submarine Base in Groton. Electric Boat is a wholly owned subsidiary of General Dynamics .
The overall contract, with all options exercised and funded, has a potential value of $202 million and a completion date of Sept. 30, 2011. About 270 Electric Boat employees will be engaged in the work.
Today's award is a follow-on to a five-year, $130.5 million contract that ran from October 2001 through September 2006.
Under the terms of the contract, Electric Boat will provide a wide spectrum of intermediate and depot-level overhaul, repair and modernization services in support of operational nuclear-powered submarines, floating dry- docks, support and service craft and other platforms and equipment at the submarine base.
General Dynamics, headquartered in Falls Church, Va., employs approximately 81,900 people worldwide and had 2005 revenue of $21.2 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and business aviation. More information about the company is available online at http://www.generaldynamics.com/.
