Electric Boat lands $429M Navy contract

The Associated Press
Posted Oct. 17, 2011, at 5:51 p.m.

GROTON, Conn. — Groton-based Electric Boat has been awarded a $429 million contract for design, planning and technical support for the Navy’s fleet of nuclear submarines.

Company spokesman Robert Hamilton said the Navy contract will sustain 800 to 1,000 skilled jobs in the submarine industrial base in Connecticut.

Electric Boat, a division of General Dynamics Corp., is the Navy’s primary contractor for submarine construction.

Congressman Joe Courtney, a member of the House Armed Services Committee, said Monday the contract is “tremendous news” for Electric Boat and the local economy. He noted it follows recent testimony by Defense Secretary Leon Panetta that he regards the submarine fleet as “indispensable.”

http://bangordailynews.com/2011/10/17/business/electric-boat-lands-429-million-navy-contract/ printed on April 20, 2014