General Dynamics Awarded $8 Million to Plan Maintenance Work on USS Hawaii

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Sept. 26, 2007, GROTON, Conn. – General Dynamics Electric Boat has received an $8.4 million contract modification from the U.S. Navy to plan the post-shakedown availability (PSA) on the nuclear submarine USS Hawaii (SSN-776). Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD).

With this contract modification, Electric Boat has been awarded a total of $21 million to plan and buy long-lead material for the PSA, which will comprise maintenance, repairs, alterations and testing. The shipboard work is expected to begin in March 2008, with completion scheduled for January 2009.

Electric Boat delivered Hawaii to the Navy in December 2006. It is the third ship of the Virginia Class and the second to be delivered by Electric Boat. Hawaii was commissioned May 5, 2007. Electric Boat and its construction teammate, Northrop Grumman Newport News, have received contracts to produce a total of 10 Virginia-Class submarines.

General Dynamics, headquartered in Falls Church, Virginia, employs approximately 82,900 people worldwide and anticipates 2007 revenues of more than $27 billion. 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 online at www.generaldynamics.com.

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Source: General Dynamics