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Business/Financial

Navy Awards GD $36.5 Million Contract To Develop Advanced Submarine Technologies

Friday, December 19th, 2014

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General Dynamics [GD] Electric Boat won a $36.5 million contract modification from the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms, the company said on Friday. “Under the terms of the modification, Electric Boat will perform advanced submarine research and development studies in support of a wide range of technology areas including manufacturability, maintainability, survivability, hydrodynamics, acoustics and materials,” the company said in a statement. Electric Boat is also to conduct additional R&D in areas…

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