General Dynamics unit awarded $47.7M U.S. Navy contract modification The U.S. Navy has awarded General Dynamics Electric Boat a $47.7M contract modification to perform routine maintenance and modernization work on the USS Toledo. Electric Boat is a wholly owned subsidiary of General Dynamics (GD). The work is scheduled for completion in September 2013. The contract was initially award in May 2012 and has a potential value of $65M if all options are exercised.
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