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Investing.com -- General Dynamics (NYSE:GD) Electric Boat Corp. has been awarded a $33,541,728 contract modification by the U.S. Department of Defense for submarine maintenance support.
The cost-plus-fixed-fee modification extends a previously awarded contract for Nuclear Regional Maintenance Department support at Naval Submarine Support Facility New London.
Work under the contract will be performed in Groton, Connecticut, where General Dynamics Electric Boat is headquartered. The project is expected to be completed by August 2026.
The Navy will obligate $24 million in fiscal 2025 operations and maintenance funds at the time of award. These funds will expire at the end of the current fiscal year.
Naval Sea Systems Command in Washington, D.C. is serving as the contracting activity for this project. The modification is connected to the previously awarded contract N00024-23-C-4307.
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