2010 - Press Release Archives

U.S. Navy Awards General Dynamics $8.8 Million for Ohio-Replacement Submarine Work
(December 7, 2010)

U.S. Navy Awards General Dynamics $7.3 Million for Nuclear-Submarine Materials
(November 9, 2010)

General Dynamics Awarded $36 Million for Development of Advanced Submarine Technologies
(November 1, 2010)

General Dynamics Awarded $174 Million by U.S. Navy for Virginia-Class Submarine Work
(October 29, 2010)

General Dynamics Completes Purchase of Pfizer Complex in New London
(July 21, 2010)

General Dynamics Awarded $172 Million by U.S. Navy for Virginia-Class Submarine Work
(July 6, 2010)

Submarine Missouri Completes First Voyage
(July 4, 2010)

General Dynamics Awarded $52 Million for Maintenance Work on USS New Mexico
(July 2, 2010)

General Dynamics Reaches Agreement to Purchase Pfizer Complex in New London
(June 21, 2010)

U.S. Navy Awards General Dynamics $8.8 Million for Ohio-Replacement Submarine Work

GROTON, Conn. (December 7, 2010) – The U.S Navy has awarded General Dynamics Electric Boat an $8.8 million order under an existing contract to support engineering and design services for the Ohio Replacement Program, the nation's next-generation strategic deterrent submarine. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

The award modifies a $76 million contract announced in December 2008 for engineering, technical services, concept studies and design of a Common Missile Compartment for the next-generation ballistic missile submarines being developed for the Royal Navy and the U.S. Navy.

If all options are exercised and funded, the overall contract would have a value of more than $652 million.

More information about General Dynamics is available on the Internet at www.generaldynamics.com.

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U.S. Navy Awards General Dynamics $7.3 Million for Nuclear-Submarine Materials

GROTON, Conn. (November 9, 2010) – The U.S. Navy has awarded General Dynamics Electric Boat a $7.3 million order to a previously awarded contract for the procurement of long-lead-time materials for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the terms of the order, Electric Boat will procure long-lead-time materials and machining for Ohio-class submarines. The order is part of a contract initially awarded in October 2010; if all options are exercised and funded, the contract will be worth approximately $1.2 billion over three years.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 90,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

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General Dynamics Awarded $36 Million for Development of Advanced Submarine Technologies

GROTON, Conn. (November 1, 2010) – General Dynamics Electric Boat has been awarded a $35.9 million U.S. Navy contract to develop advanced submarine technologies for current and future undersea platforms. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the terms of the contract, Electric Boat will perform Concept Formulation (CONFORM) studies in support of a wide range of technology areas including manufacturability, maintainability, survivability, hydrodynamics, acoustics and materials. Electric Boat also will conduct research and development work in additional areas including manning, hull integrity, performance, ship control, logistics, weapons handling and safety. Additionally, the contract supports near-term Virginia-class technology insertion, identification of Ohio-class replacement technology options, future submarine concepts and core technologies.

If all options are exercised and funded, the contract has a potential value of $711.4 million over total five years.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 90,000 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

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General Dynamics Awarded $174 Million by U.S. Navy for Virginia-Class Submarine Work

GROTON, Conn. (October 29, 2010) – General Dynamics Electric Boat has been awarded a $174.5 million contract modification by the U.S. Navy to provide lead-yard services for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the modification, Electric Boat will maintain and update design drawings and data, including technology insertions, for each Virginia-class submarine throughout its construction and post-shakedown availability periods. Additionally, Electric Boat will perform research and development work required to evaluate new technology to be inserted in newly built Virginia-class ships.

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

More information about the company is available on the Internet at www.generaldynamics.com.

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General Dynamics Completes Purchase of Pfizer Complex in New London

GROTON, Conn. (July 21, 2010) – General Dynamics Electric Boat today completed its purchase of the Pfizer Inc. office complex in New London. Terms of the transaction were not disclosed. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Electric Boat has already moved more than 300 engineers and designers into the building and will continue to relocate employees there over the next 18 months as Pfizer completes its phased withdrawal from the complex by the end of 2011.

The total number of Electric Boat employees to be located in the buildings will depend on the volume of engineering work the company receives from the Navy, primarily for a next-generation submarine and Virginia-class submarine redesign work.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 91,200 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

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General Dynamics Awarded $172 Million by U.S. Navy for Virginia-Class Submarine Work

GROTON, Conn. (July 06, 2010) – General Dynamics Electric Boat has been awarded a $171.8 million contract by the U.S. Navy to provide lead-yard services for Virginia-class nuclear-powered attack submarines. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Under the contract, Electric Boat will maintain and update design drawings and data, including technology insertions, for each Virginia-class submarine throughout its construction and post-shakedown availability periods. Additionally, Electric Boat will perform research and development work required to evaluate new technology to be inserted in newly built Virginia-class ships.

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

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 91,200 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

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Submarine Missouri Completes First Voyage

GROTON, Conn. (July 04, 2010) – The nation's newest and most advanced nuclear-powered attack submarine, Missouri (SSN-780), returned to the Electric Boat shipyard today following the successful completion of its first voyage in open seas, called alpha sea trials. Missouri is the seventh ship of the Virginia Class, the most capable class of attack submarines ever built. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

Missouri's alpha sea trials included a range of submarine and propulsion-plant operations, submerging for the first time, and high-speed runs on and below the surface to demonstrate that the ship's propulsion plant is fully mission-capable.

The sea trials were directed by U.S. Navy Adm. Kirkland Donald, director – Naval Nuclear Propulsion. Also participating in the sea trials were Rear Adm. William Hilarides, program executive officer – Submarines; Rear Adm. Michael McLaughlin, commander – Submarine Group Two; Capt. Leslie Elkin, supervisor of shipbuilding in Groton; and John P. Casey, president of Electric Boat. Missouri is commanded by Cmdr. Timothy A. Rexrode.

"The crew and shipbuilders worked together seamlessly to take this submarine to sea and put it through its paces," said Electric Boat President John P. Casey. "It was a superb effort by everyone involved, and reflects the commitment of the Navy/industry team to sustain the success of the Virginia-class submarine program. I deeply appreciate the contributions made by the Navy personnel, shipbuilders and suppliers who made it happen."

Electric Boat and its major subcontractor, Northrop Grumman Shipbuilding, have received contracts to build the first 18 submarines of a planned 30-ship Virginia Class under a teaming agreement that splits the construction workload between the two shipyards.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 91,200 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

Virginia-Class characteristics Displacement: 7,835 tons Length: 377 feet Beam: 34 feet Payload: 40 weapons; special operations forces; unmanned undersea vehicles Weapons: Tomahawk land-attack missiles; Mark 48 advanced capability torpedoes Crew: 134 officers and enlisted men

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General Dynamics Awarded $52 Million for Maintenance Work on USS New Mexico

GROTON, Conn. (July 02, 2010) – General Dynamics Electric Boat has been awarded a $51.8 million contract modification by the U.S. Navy to plan and perform the post-shakedown availability (PSA) on the nuclear submarine USS New Mexico (SSN-779). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

The PSA, which will comprise maintenance, repairs, alterations and testing, will be performed in Groton and is expected to begin this month. Up to 450 employees will be engaged in the work, which is scheduled for completion by July 2011.

USS New Mexico is the sixth ship of the Virginia Class of submarines. Electric Boat and its construction teammate, Northrop Grumman Shipbuilding, have received contracts to produce a total of 18 Virginia-class submarines. Thirty ships are planned altogether.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 91,200 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

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General Dynamics Reaches Agreement to Purchase Pfizer Complex in New London

GROTON, Conn. (June 21, 2010) – General Dynamics Electric Boat announced today it has reached a preliminary agreement with Pfizer, Inc., to purchase Pfizer's office complex in downtown New London, Conn. Under an early occupancy lease agreement, design and engineering employees will move into a portion of the three office towers in July. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

The transaction is contingent on the completion of a due diligence process to rule out any conditions that could prevent a sale and will accommodate growth in Electric Boat's engineering workforce.

"We have been coordinating closely with Governor M. Jodi Rell and the State of Connecticut, the city of New London, the U.S. Navy and Pfizer to determine if this site meets our needs, and the initial results are very encouraging," said John P. Casey, president of Electric Boat. "We appreciate the state's support, which was instrumental in making this transaction possible."

Engineers working on the Navy's next-generation submarine will be the first to move into the complex. They are expected to occupy two floors of Tower C in July. If the company proceeds with the purchase, the remainder of the 700,000 square-foot complex would be occupied in phases through 2011.

"When we looked at our facility requirements in the short term, and Pfizer's plan to move out of the building, they lined up very well," said Peter J. Halvordson, vice president of Engineering at Electric Boat. "It provides a quality workspace for our employees at the right time for our business."

Earlier this year, Electric Boat announced it was seeking office space to accommodate growth in its engineering workforce. In addition to requiring significant refurbishment, the existing space at Electric Boat is insufficient to house a larger engineering and design population. This move will enable the company to locate its engineering and design employees in modern office space at the best value to its customer.

Because Electric Boat's 18-month occupancy schedule fits with Pfizer's timetable to exit the New London site, the building complex will not spend any significant time unoccupied.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 91,200 people worldwide. The company is a market leader in business aviation; land and expeditionary combat systems, armaments and munitions; shipbuilding and marine systems; and information systems and technologies. More information about the company is available on the Internet at www.generaldynamics.com.

Pfizer New London Aerial Photo

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