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General Dynamics lands $24M submarine contract

Fri, 01/29/2010 - 12:01pm
The Associated Press

A unit of General Dynamics Corp. has received a $23.7 million contract to perform maintenance work on a U.S. Navy submarine, the defense contractor said Friday.

General Dynamics Electric Boat will perform the work on the nuclear submarine New Hampshire starting next month. The work will take place through September and will involve up to 800 people, General Dynamics said.

Shares of General Dynamics fell 75 cents to close at $66.85, but added 9 cents in aftermarket trading.

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