As posted in a recent story in Mass High Tech, General Dynamics Corp.’s Electric Boat unit has landed $118 million from the U.S. Navy for engineering services on ballistic nuclear missile-equipped submarines, according to the U.S. Department of Defense. Under the deal, an option on a previously won contract, Electric Boat will design a missile compartment on submarines equipped with nuclear missiles. Electric Boat will design the compartments for the replacement to U.S. Navy Ohio-class submarines and a new submarine for the U.K. Royal Navy.
The work is expected to be completed by December 2012, and will have the biggest impact on Connecticut, Rhode Island and Vermont as work will be performed in Groton, Conn.; Newport, R.I.; Quonset, R.I.; and Newport News, Va.
The defense industry had its share of rough times in 2009 like the rest of us, but certainly came out much better than average throughout all the economic downturn last year, receiving more than $380 million in contracts for work on submarines back in October. With general manufacturing slowly rising in this early part of 2010, we anticipate to see more and more contracts like this as the year progresses - a very good sign for suppliers and manufacturers.
Read the full story here.
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