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Technology Stocks : ATCO -- Breakthrough in Sound Reproduction
ATCO 15.480.0%Mar 28 5:00 PM EST

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To: SunAge who started this subject4/2/2002 10:21:03 AM
From: Savant   of 2062
 
RT--GD contract mod.// Navy Awards General Dynamics $5.9 Million Contract Modification

Navy Awards General Dynamics $5.9 Million Contract Modification

GROTON, Conn., April 2 /PRNewswire/ -- The U.S. Navy has awarded General
Dynamics Electric Boat, a business unit of General Dynamics (NYSE: GD), a $5.9
million contract modification to provide design, engineering and technical
support for modification to the submarine Jimmy Carter (SSN-23). Electric Boat
is now altering the Jimmy Carter, the third and final Seawolf-class submarine,
to accommodate advanced technology for naval special warfare, tactical
surveillance and mine warfare operations.
The modifications will require changes to the basic Seawolf design in the
areas of ballast control, mission-management spaces, and various services. A
unique feature of the modification is the creation of a flexible ocean
interface, referred to as the "wasp waist," which will enable the Navy to
deploy and recover various payloads without having to use torpedo tubes. The
ship is scheduled for a 2004 delivery.

General Dynamics, headquartered in Falls Church, Virginia, employs
approximately 52,000 people worldwide and had 2001 revenues of $12 billion.
The company has leading market positions in land and amphibious combat
systems, mission-critical information systems and technologies, shipbuilding
and marine systems, and business aviation.

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SOURCE General Dynamics Electric Boat

/CONTACT: Neil Ruenzel of General Dynamics Electric Boat,+1-860-433-8556, Fax:
+1-860-433-8054, or nruenzel@ebmail.gdeb.com/

/Company News On-Call: prnewswire.com

/Web site: gdeb.com

Apr-02-2002 15:13 GMT
Symbols:
US;GD
Source PRN PR NewsWire
Categories:
NWR/VA NWR/CT NWI/ARO NWI/FIN NWS/CON
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