General Dynamics Receives $24 Million U.S. Navy Award for Ohio Replacement Submarine Development

GROTON, Conn., Feb. 9, 2016 /PRNewswire/ -- The U.S Navy has awarded General Dynamics Electric Boat a $23.6 million contract modification to continue development of the U.S. Navy's Ohio Replacement submarine. Electric Boat is a wholly owned subsidiary of General Dynamics GD.

Under the terms of the modification, Electric Boat will perform air conditioning unit detail design, prototype unit manufacture and technical manual development.

Initially awarded in December 2012, the five-year $1.85 billion contract calls for Electric Boat to perform research and development work for the Navy's next-generation ballistic-missile submarine, which is scheduled to begin construction in 2021. The potential value of the overall contract is $2.5 billion.

More information about Electric Boat is available at www.gdeb.com. More information about General Dynamics is available at www.generaldynamics.com.

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SOURCE General Dynamics Electric Boat