General Dynamics receives $172 million Navy contract

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General Dynamics Electric Boat has received a $171.8 million contract to provide lead-yard services for the U.S. Navy’s Virginia-class nuclear submarines.

Electric Boat is a subsidiary of Falls Church defense contractor General Dynamics.

Electric Boat will update drawings and data for each Virginia-class submarine throughout its construction and perform research and development to evaluate new technology being inserted into the carriers.

The contract has a potential value of $881 million through 2014 if all options are exercised.

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