General Dynamics Awarded $5.5 Million Contract Modification for Navy Nuclear Work.
GROTON, Conn., April 14 /PRNewswire/ -- The U.S. Navy has awarded a $5.5 million modification to a previously awarded contract under which General Dynamics Electric Boat This article is about a U.S. corporation that is usually referred to simply as "Electric Boat", which redirects here. There is a separate article about electric boats.
General Dynamics/Electric Boat (usually abbreviated as Electric Boat will manage and support nuclear-maintenance work for submarines homeported at Submarine Base New London, Conn. Electric Boat is a wholly owned subsidiary Wholly Owned Subsidiary
A subsidiary whose parent company owns 100% of its common stock.
In other words, the parent company owns the company outright and there are no minority owners. of General Dynamics .
Under the terms of the contract modification, Electric Boat will continue to operate the Nuclear Regional Maintenance Department (NRMD) at the submarine base through Sept. 30, 2005. The company will provide project management, planning, training and radiological-control services to support maintenance, modernization and repairs in support of operational submarines. A core group of about 30 Electric Boat employees are assigned to the NRMD, with surge groups of up to 80 shipyard employees for short periods.
The contract was initially awarded in March 2001 and has a potential value of $89 million over five years.
General Dynamics, headquartered in Falls Church, Virginia Falls Church is an independent city in Virginia, United States. The population was 10,377 at the 2000 census. This city is a part of the Washington Metropolitan Area. A much larger number of people reside in Greater Falls Church , employs approximately 70,200 people worldwide and had 2004 revenue of $19.2 billion. The company is a market leader in mission-critical information systems and technologies; land and expeditionary combat systems, armaments and munitions mu·ni·tion
War materiel, especially weapons and ammunition. Often used in the plural.
tr.v. mu·ni·tioned, mu·ni·tion·ing, mu·ni·tions
To supply with munitions. ; shipbuilding and marine systems; and business aviation. More information about the company is available on the Internet at http://www.generaldynamics.com/.
CONTACT: Neil Ruenzel of General Dynamics Electric Boat, +1-860-433-8556; cell, +1-860-884-3344; fax, +1-860-433-8054; or email@example.com
Web site: http://www.generaldynamics.com/ http://www.gdeb.com/